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Sparks Furniture Company carries three lines of sofas. Information about the sofa inventory as of the end of its most recent fiscal year follows. If
Sparks Furniture Company carries three lines of sofas. Information about the sofa inventory as of the end of its most recent fiscal year follows. If LCM/NRV is applied to each separate product line, what is the amount of the adjustment that must be made to the company's inventory? Product Line Rustic Mediterranean Contemporary Cost per Unit $ 705 605 955 Market Value per Unit $ 735 615 830 Quantity 200 310 280 Multiple Choice o $9,100 O ($35,000) O ($19,900) O ($25,900)
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