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Toe Knee Runners World Ltd. is a retailer of athletic shoes in Edmonton. Toe Knee reported the following cost and net realizable value information
Toe Knee Runners World Ltd. is a retailer of athletic shoes in Edmonton. Toe Knee reported the following cost and net realizable value information for invey at December 31: Nike Saucony Adidas Required: Item Units Unit Cost Unit net realizable value 26 $135 $163 17 $147 $129 51 $122 $135 Calculate the total ending inventory balance using the lower of cost and net realizable value on an individual item basis. (4 marks)
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
