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Suppose that Sandhill Corporation sells six different products. The following information is available on December 31: Inventory Item Units Cost per unit Net Realizable
Suppose that Sandhill Corporation sells six different products. The following information is available on December 31: Inventory Item Units Cost per unit Net Realizable Value per unit Estimated Selling Price per unit Tin 55 $460 $465 $475 Titanium 20 4600 4550 4690 Stainless Steel 75 1840 1760 1820 Aluminum 75 320 260 265 Iron 35 370 380 390 Copper 35 280 270 270 When applying the lower-of-cost-or-net-realizable-value rule to each item, what amount will be reported for ending inventory? $290825 $290600 $302050 $290200
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