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M 7 - 1 4 ( Algo ) Reporting Inventory under Lower of Cost or Market / Net Realizable Value [ LO 7 - 4
MAlgo Reporting Inventory under Lower of Cost or MarketNet Realizable Value LO
The Jewel Fool had the following inventory items on hand at the end of the year.
Determine the lower of cost or marketnet realizable value per unit and the total amount that should be reported on the balance sheet
for each item of inventory.
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