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Marigold Corporation sells cocoa beans, which are sensitive to price fluctuations. The following inventory information is available for this product at June 30, 2024: Cocoa
Marigold Corporation sells cocoa beans, which are sensitive to price fluctuations. The following inventory information is available for this product at June 30, 2024: Cocoa Bean Forastero Criollo (a) Units 10,000 bags 4,700 bags Unit Cost Net Realizable Value * Your answer is incorrect. $5.60 3.40 $5.55 Inventory at the lower of cost and net realizable value 3.50 Calculate Marigold's inventory at the lower of cost and net realizable value. 56000
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