Item Code Quantity Unit Cost Unit NRV Small 100 $228 $232 Medium 420 152 176...
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Accounting
Item Code Quantity Unit Cost Unit NRV
Small 100 $228 $232
Medium 420 152 176
Large 600 168 176
Extra-Large 220 268 256
How much is the inventory if the lower-of-cost-or-net realizable value rule is applied to each item of inventory?
A) $252,640
B) $243,760
C) $265,440
D) None of the above
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