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Simon has closing inventory of $315,000 at cost. Within the closing inventory, there are some obsolete goods that cost $18,100. These items will be repackaged

Simon has closing inventory of $315,000 at cost. Within the closing inventory, there are some obsolete goods that cost $18,100. These items will be repackaged at a cost of $2,200 and a commission of $1,350 will be paid to a sales agent to help sell them. The selling price of these items is estimated at $17,000. What is the net realizable value of this inventory?

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