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plzz reply fast A retailer collected the following information about its inventories to apply the lower of cost and net realizable value in valuing its

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A retailer collected the following information about its inventories to apply the lower of cost and net realizable value in valuing its three products: Product X - $70,000 cost and $75,000 NRV, Product Y - $50,000 cost and $48,000 NRV, and Product Z- $100,000 cost and $102,000 NRV. After the retailer values its inventory at the lower of cost or net realizable value, the amount reported on the balance sheet would be: $220,000 $215,000 $218,000 $220,000 $225,000

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