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Question 34 2.85714 points Save Answer You work for Staples. At year-end, Staples uses the FIFO method to value its office supplies inventory and got

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Question 34 2.85714 points Save Answer You work for Staples. At year-end, Staples uses the FIFO method to value its office supplies inventory and got the following results for its ending inventory. Number of Units Cost per unit Computers 500 $120 Chairs 200 5150 File Cabinets 400 $190 The net realizable value of each of these products at year-end was Computers $110 per unit Chairs $160 per unit File Cabinets $200 per unit. If Staples prepares its financial statements using generally accepted accounting principles, what is the proper value of the inventory to be reported on the year-end balance sheet? 5172,000 $167.000 $161,000 5166,000

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