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The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp. Required: 1
The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp. Required:
a Determine the valuation of the above inventory at cost by individual items. b Determine the valuation of the above inventory at cost assuming application of lowerofcostorNRV by classifications.
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