Lower-of-Cost-or-Net Realizable Value Method The following data refer to the lan Company's ending inventory: Net Realiza

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Lower Of Cost Or Net Realizable Value Method The Following Data Refer To The Lan Company S Ending Inventory Net Realiza 1 (17.73 KiB) Viewed 9 times

Lower-of-Cost-or-Net Realizable Value Method The following data refer to the lan Company's ending inventory: Net Realizable Value Item Unit Code Quantity Cost ABX 80 $50 TYG JIL GGH 200 38 175 28 Check 90 44 $55 24 38 Calculate the value of the company's ending inventory by using the lower-of-cost-or-net realizable value applied to each item of inventory Ending inventory computed by applying the lower-of-cost-or-net realizable value to each item of inventory is $