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Lower-of-Cost-or-Net Realizable Value Method The following data are taken from the Browning Corporation's inventory accounts: Net Realizable Value Item Unit Code Quantity Cost ACE 100
Lower-of-Cost-or-Net Realizable Value Method The following data are taken from the Browning Corporation's inventory accounts: Net Realizable Value Item Unit Code Quantity Cost ACE 100 $36 BDF 300 41 GHJ 400 31 MBS 200 34 $35 42 29 38 Calculate the value of the company's ending inventory using the lower-of-cost-or-net realizable value method applied to each item of inventory. Ending Inventory Value: $ Check X
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