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Lower-of-Cost-or-Net Realizable Value Method The following data refer to the Fanning Company's...

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Accounting

Lower-of-Cost-or-Net Realizable Value Method
The following data refer to the Fanning Company's ending inventory:
\table[[\table[[Item],[Code]],Quantity,\table[[Net],[Realizable],[Value]]],[LXC,60,$40,$48
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