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The inventory of Crane Company on December 31,2025, consists of the following items. apart No. 121 is obsolete and has a realizable value of $1.00

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The inventory of Crane Company on December 31,2025, consists of the following items. apart No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31,2025, by the LCNRV method, applying this method to each item. Inventory as of December 31,2025 $

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