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Suppose that Crane Corporation sells three different products. The following information is available on December 31: Inventory Item X Y Z Units $12275 $10445 $10593
Suppose that Crane Corporation sells three different products. The following information is available on December 31: Inventory Item X Y Z Units $12275 $10445 $10593 O $10223 370 730 1830 Cost per unit Net realizable value $4.90 $2.00 $4.00 $4.50 $2.00 $5.00 per unit After applying the lower-of-cost-or-net-realizable-value rule to each item, what amount will be reported for ending inventory?
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