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please help asap. thank you Lower-of-Cost-or-Net Realizable Value Method The Crow Company had the following inventory at year-end: Unit Price Net Quantity Cost Realizable Value
please help asap. thank you
Lower-of-Cost-or-Net Realizable Value Method The Crow Company had the following inventory at year-end: Unit Price Net Quantity Cost Realizable Value 70 $190 45 310 20 345 $215 268 360 Desks Model 9001 Model 9002 Model 9003 Cabinets Model 7001 Model 7002 Model 7003 120 60 68 80 95 85 60 135 126 Required a. Determine the value of the ending inventory after applying the lower-of-cost-or-net realizable value method to each item of inventory. Applying the lower-of-cost-or-net realizable value method to each item of the inventory results in an ending inventory amount of $ 52,560 XStep by Step Solution
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