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The Inventory Item has a Cost of $45, Sales Price of $75, Cost to sell of $35. Under LCNRV method, what amount should inventory be

The Inventory Item has a Cost of $45, Sales Price of $75, Cost to sell of $35. Under LCNRV method, what amount should inventory be valued at? Optional Answers: 1. $35 2. $40 3. $45 4. $75.

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