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Powder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory InventoryQuantity Ski

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Powder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory InventoryQuantity Ski jackets Skis 15 20 Cost $102 420 $122 370 Calculate the amount to be reported for ending inventory. Lower of Cost and NRV Quantity Ending Inventory Inventory Ski jackets Skis

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