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Question 4 Not yet answered Marked out of 1.00 P Flag question Lower-of-Cost-or-Net Realizable Value Method The following data refer to the Froning Company's ending

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Question 4 Not yet answered Marked out of 1.00 P Flag question Lower-of-Cost-or-Net Realizable Value Method The following data refer to the Froning Company's ending inventory Net Item Unit Realizable Code Quantity Cost Value 60 $45 548 KWT 210 38 34 MOR 300 22 NES 100 27 DXC Calculate the value of the company's ending inventory by using the lower of cost and net realizable value method applied to each item of inventory Ending Inventory: 5

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