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This company uses LCNRV Method to value inventory. An item in inventory has the following information. How much will this item be valued at in

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This company uses LCNRV Method to value inventory. An item in inventory has the following information. How much will this item be valued at in the books for reporting purposes? Estimate Selling Price $122 Cost $68 Cost to complete $31 Selling costs $6 This company uses LCNRV Method to value inventory. An item in inventory has the following information. How much will this item be valued at in the books for reporting purposes? Estimate Selling Price $128 Cost $109 Cost to complete $28 Selling costs $15

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