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please answer a through c and show all work thank you. Calculate the ending inventory balance for skates and running shoes using the lower of
please answer a through c and show all work thank you.
Calculate the ending inventory balance for skates and running shoes using the lower of cost and net realizable value (LCNRV) for each item. b) Calculate the ending inventory balance for skates and running shoes using the historical unit costs provided. Compare the difference in the ending inventory amounts. Which amount provides a more faithful representation of the inventory value Step by Step Solution
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