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Sheffield Corporation sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31,2021 : (a)

image text in transcribed Sheffield Corporation sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31,2021 : (a) Calculate Sheffield's inventory at the lower of cost and net realizable value. Inventory at the lower of cost and net realizable value $

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