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The inventory of Wildhorse Company on December 31, 2025, consists of the following items. apart No. 121 is obsolete and has a realizable value of
The inventory of Wildhorse 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 apart No. 121 is obsolete and has a realizable value of $1.00 each as scrap.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 $ (b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory. Inventory as of December 31, 2025$ The records of Oriole's Boutique report the following data for the month of April. Compute the ending inventory by the conventional retail inventory method. (Round answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $
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