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One Direction uses LCNRV to value inventory. How much will an item in their inventory be valued at on the books for reporting purposes? Estimated
One Direction uses LCNRV to value inventory. How much will an item in their inventory be valued at on the books for reporting purposes?
Estimated Selling Price | 180 |
Est. Normal Profit % | 10% |
Selling Costs | 10 |
Original Cost | 150 |
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