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12) Using the information below, determine the ending inventory value applying the lower of cost...

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Accounting

12) Using the information below, determine the ending inventory value applying the lower of cost and net realizable value (market value).

Inventory Item Quantity Cost Net Realizable Value

Cutlets 200 $ 12 $ 14

Chops 400 $ 16 $ 14

Shanks 300 $ 15 $ 12

A) $13,300.

B) $12,000.

C) $11,600.

D) $13,700.

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