One Direction uses LCNRV to value inventory. How much will an item in their inventory...
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Accounting
One Direction uses LCNRV to value inventory. How much will an item in their inventory be valued at on the books for reporting purposes?
| Estimated Selling Price | 180 |
| Est. Normal Profit % | 10% |
| Selling Costs | 10 |
| Original Cost | 150 |
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