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Walmart Inc. is an American multinational corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Walmart applies the lower of
Walmart Inc. is an American multinational corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Walmart applies the lower of cost or net realizable valuation to individual products and has collected the following data: Selling price Cost Costs to sell Product A $97 Product B $122 Product C $77 67 16 72 77 21 7 Determine the Walmart's adjusted inventory book value for Products A, B, and C. Product NRV Cost Inventory Value A B C
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