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Current Attempt in Progress Ivanhoe Company is preparing the annual financial statements dated December 31,...

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Accounting

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Current Attempt in Progress Ivanhoe Company is preparing the annual financial statements dated December 31, 2020. Information about inventory stocked for regular sales follows: Quantity Unit Cost Net Realizable on Hand When Acquired Value at Year-End Item A 58 $26 $25 B 108 51 51 28 65 68 D 48 46 42 Compute the valuation for the December 31, 2020, inventory using the lower-of-cost-or-net realizable value basis. Total ending inventory $

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