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Novellis Nursery thas developed the following data in order to calculate the lower of cont ut net redirable value for ins prodiucts. The Individual products

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Novellis Nursery thas developed the following data in order to calculate the lower of cont ut net redirable value for ins prodiucts. The Individual products are fisted within the categories of treeg. The costs to sell are 10% of selling price. Required: Determine the reported inventory value assuming the lower of cost or net realizable value rule is applied to individual trees

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