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Part 2 It is December 31, 2022, end of year, and the controller of Glamourous Corporation is applying the lower-of-costand net-realizable-value (LCNRV) rule to inventories.

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Part 2 It is December 31, 2022, end of year, and the controller of Glamourous Corporation is applying the lower-of-costand net-realizable-value (LCNRV) rule to inventories. Before any year enda dustments Glamourous has these data: Cost of goods sold $410,000 Histoncal cost of endinginventory, as detem ned by a physical count 60,000 Glamourous deteminesthatthe net realizable value of endinginventory is $49.000. Show what Glamourous should report for ending inventoryandfor cost of goods sold Identify thefinancial statement where eachitem appears

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