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work Saved Required information [The following information applies to the questions displayed below.] A company reports inventory using the lower of cost and net

work Saved Required information [The following information applies to the questions displayed below.] A company reports inventory using the lower of cost and net realizable value (NRV). Below is Information related to its year-end inventory. Inventory Furniture: Electronics Quantity 270 57 Unit Cost Unit NRV $ 92 $107 470 335 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments. Cost of ending inventory (before adjustment)

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