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Teal Company OAO applied FIFO to its inventory and got the following results for its ending inventory. Exercise 6-9 Teal Company OAO applied FIFO to
Teal Company OAO applied FIFO to its inventory and got the following results for its ending inventory.
Exercise 6-9 Teal Company OAO applied FIFO to its inventory and got the following results for its ending inventory. Tennis shoes Running shoes Basketball shoes 111 161 units at a cost per unit of units at a cost per unit of units at a cost per unit of 63 76 144 87 The net realizable value per unit at year-end was Tennis shoes 80, Running shoes 56, and Basketball shoes 77. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. The ending inventory
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