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Lower-of-Cost-or-Net Realizable Value Method The following data refer to the Froning Company's ending inventory: Net Item Unit Realizable Code Quantity Cost Value LXC 150 $135

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Lower-of-Cost-or-Net Realizable Value Method The following data refer to the Froning Company's ending inventory: Net Item Unit Realizable Code Quantity Cost Value LXC 150 $135 $138 KWT 300 128 124 MOR 390 112 110 NES 190 117 122 Calculate the value of the company's ending inventory by using the lower-of-cost and net realizable value method applied to each item of inventory. Ending Inventory: $ 0

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