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Question 8 Not changed since last attempt Marked out of 1.00 Flag question Lower-of-Cost-or-Net Realizable Value Method The Claremont Company's ending inventory is composed of
Question 8 Not changed since last attempt Marked out of 1.00 Flag question Lower-of-Cost-or-Net Realizable Value Method The Claremont Company's ending inventory is composed of 50 units that had cost $50 each and 100 units that had cost $45 each. If all 150 units have an NRV of $46 each, what value should be assigned to the company's ending inventory assuming that it applies lower-of-cost-or-net realizable value on a group-wise basis? $ 220,800 Check
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