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The following data refer to Coat Company's ending inventory: Item Code Quantity Unit Cost Unit NRV Small 200 $175 $170 Medium 420 110 150 Large
The following data refer to Coat Company's ending inventory: Item Code Quantity Unit Cost Unit NRV Small 200 $175 $170 Medium 420 110 150 Large 500 120 132 Extra-Large 120 200 150
How much is the inventory if the lower-of-cost-or-net realizable value rule is applied to total inventory?
The following data refer to Coat Company's ending inventory:
Item Code | Quantity | Unit Cost | Unit NRV |
Small | 200 | $175 | $170 |
Medium | 420 | 110 | 150 |
Large | 500 | 120 | 132 |
Extra-Large | 120 | 200 | 150 |
How much is the inventory if the lower-of-cost-or-net realizable value rule is applied to total inventory?
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