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The inventory of Oheto Company on December 31,2020 , consists of the following items. a Part No. 121 is obsolete and has a realizable value

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The inventory of Oheto Company on December 31,2020 , consists of the following items. a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each ite Inventory as of December 31, 2020 $

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