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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. Check Powder

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

Check Powder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory Inventory ski jackets akis Quantity Unit Cont NRV 20 $103 $123 25 430 380 Calculate the total amount to be reported for ending inventory. Imantory Quantity Lower of Cost and NRV per unit Ending Inventory $ 0 Skijackets Skis 20 25 0 $ 0

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