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please help Blossom is a distributor of fruit who uses FIFO and has the following information at December 31, 2025: The expected selling price of
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Blossom is a distributor of fruit who uses FIFO and has the following information at December 31, 2025: The expected selling price of the fruit is 99% of its cost. The cost of delivery to customers is 2% of the selling price and Blossom pays these costs, none of which is reimbursed by the customers. Determine ending inventory at December 31,2025 , based on lower of cost of net realizable value. Ending inventory at lower of cost of net realizable value Step by Step Solution
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