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Please go step by step explaining each step. Thank you! Concord Company applied FIFO to its inventory and got the following results for its ending

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Please go step by step explaining each step. Thank you!

Concord Company applied FIFO to its inventory and got the following results for its ending inventory. The net realizable value at year-end was cameras $70, Blu-ray players $68, and iPods $76. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory

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