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Moore Company purchased an item for inventory that cost $24 per unit and was priced to sell at $38. It was determined that the cost
Moore Company purchased an item for inventory that cost $24 per unit and was priced to sell at $38. It was determined that the cost to sell is $16 per unit. Using the lower of cost or net realizable value rule, what amount should be reported on the balance sheet for inventory? o o o o
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