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SLR Corporation has 2,000 units of each of its two products in its year-end inventory. Per unit data for each of the products are as
SLR Corporation has 2,000 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows:
Product 1Product 2Cost$70$44Selling price12046Costs to sell63
Determine the book value of SLR's inventory assuming that the lower of cost and net realizable value rule is applied to individual products.
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