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M7-7(Algo) Reporting Inventory Under Lower of Cost or Net Realizable Value LO7-4 Wood Company...

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Accounting

M7-7(Algo) Reporting Inventory Under Lower of Cost or Net Realizable Value LO7-4
Wood Company had the following inventory items on hand at the end of the year. Computing the lower of cost or net realizable value
on an item-by-item basis, determine what amount would be reported on the balance sheet for inventory.
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