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wwwwwwwwlogy time. Section 3 Lower of Cost and Net Realizable Value Bethel Co. has collected the following data related to its ending inventory: Product ID

wwwwwwwwlogy time. Section 3 Lower of Cost and Net Realizable Value Bethel Co. has collected the following data related to its ending inventory: Product ID 849 842 847 860 Units on Hand 150 60 75 30 (8 Marks) Unit Cost $10 Unit NRV $11 $16 $14 $14 $13 $16 $20 Calculate the lower of cost and net realizable value (LCNRV) on an item by item basis. 4

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