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The inventory of Royal Decking consisted of five products. Information about ending inventory is as follows: Costs to sell consist of a seles commission equal
The inventory of Royal Decking consisted of five products. Information about ending inventory is as follows: Costs to sell consist of a seles commission equal to 10% of seling price and shipping costs equal to 10% or cost Required: What unik value should Royal Decking use for each of is products when opolying the lower of cost or net realizable value (LCNRV) rule to units of ending inventory? Answer is complete but not entirely correct
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