Barley Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value...
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Barley Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (.CNRV) basis in valuing inventories: Product Cost Net Realizable Value $115,000 $120,000 80,000 73,000 158,000 162,000 1 Barley appies tho LCNRV basis, the value of the inventory reported on the balance sheet would be B c $346,000 UA $353,000 $362,000. $355,000 DD
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