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Maria Company reports the following inventory information: Cost Replacement Cost Selling Price Costs to Sell Normal Profit $197 128 219 40 26 Maria believes the

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Maria Company reports the following inventory information: Cost Replacement Cost Selling Price Costs to Sell Normal Profit $197 128 219 40 26 Maria believes the inventory may be impaired. Required: 1. What is the appropriate inventory balance if Maria uses LCM for the write-down? 2. What is the appropriate inventory balance if Maria uses LCNRV for the write-down? B 1 A Inventory Balance under LCM Inventory Balance under LCNRV 2

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