A company reports inventory using the lower of cost and net realizable value. Below is information...

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A company reports inventory using the lower of cost and net realizable value. Below is information related to its year- end i

business accounting

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Answer 1

Answer #1

A) Ending inventory

= (140*28)+(40*23)

= 4840

Cost of Goods Sold	400
Inventory		400
4840 - (14028)+(4033)

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Answer 2

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