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Net Realizable Value of Inventory : Calculate the net realizable value (NRV) of inventory using the following information: cost of inventory = $80,000, estimated selling
- Net Realizable Value of Inventory: Calculate the net realizable value (NRV) of inventory using the following information: cost of inventory = $80,000, estimated selling price = $100,000, and estimated costs to complete and sell = $20,000. What is the NRV of the inventory?
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