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Q: At the end of the current accounting period, inventory that was purchased for $1,000 is found to have a market value of $850. Applying
Q: At the end of the current accounting period, inventory that was purchased for $1,000 is found to have a market value of $850. Applying the LCM rule the company must record a write-down of how much? (Omit $ sign in your answer.)
O A. 250
B. 150
O C. 300
O D. 350
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