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Using the information below, determine the ending inventory value applying the lower of cost and net realizable value. Inventory Item Cutlets Chops Shanks Net Realizable

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Using the information below, determine the ending inventory value applying the lower of cost and net realizable value. Inventory Item Cutlets Chops Shanks Net Realizable Quantity Cost Value 200 $12 $14 400 $16 300 $15 $12 $14 Multiple Choice $13.300. $12,000 $11,600

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