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Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below...

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Accounting

Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory.
Inventory Quantity Unit Cost Unit NRV
Furniture 190 $ 84 $ 99
Electronics 49390295
2. Calculate ending inventory using the lower of cost and net realizable value.

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