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! Required information (The following information applies to the questions displayed below.) Home Furnishings reports inventory using the lower of cost and net realizable value

! Required information (The following information applies to the questions displayed below.) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Furniture Electronics Quantity 170 47 Unit Cost $ 82 370 Unit NRV $ 97 285 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments. Cost of ending inventory (before adjustment)

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