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Posted: **Thu May 26, 2022 7:16 am**

: The Foxis Company Inc Has The Following Inventory Item On Hand At December 31 2018 History Cost 2 000 Replacement 1 (70.29 KiB) Viewed 17 times

The Foxis Company Inc. has the following inventory item on hand at December 31, 2018: History cost: $2,000; Replacement Cost: $1,850; Estimated selling price: $1,950; Estimated costs to complete and sell: $50. How much Inventory loss in 2018 under U.S GAAP: O $150 O $ 100 $ 50 O o