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Required informatio [The following information applies to the questions displayed below.] Memphis Wholesale Market applies the lower of cost or net realizable valuation to individual

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Required informatio [The following information applies to the questions displayed below.] Memphis Wholesale Market applies the lower of cost or net realizable valuation to individual products and has collected the following data Product A $107 Product C $ 87 87 Product B Selling price Cost Costs to sell $132 82 21 16 Determine the inventory book value for Products A, B, and C. Product NRV Cost Inventory Value $ 91 80

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