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Lower of Cost or Net Realizable Value The accountant for Davidson, Inc. prepared the following analysis of its inventeru at year end: 1. Compute the

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Lower of Cost or Net Realizable Value The accountant for Davidson, Inc. prepared the following analysis of its inventeru at year end: 1. Compute the carrying value of the ending inventary using the lower of cost or net realizable value rule applied on an item-by-item basis

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