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Question 2: The controller of Alt Company is applying the lower-of-cost-or-net realizable value basis of...

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Accounting

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Question 2: The controller of Alt Company is applying the lower-of-cost-or-net realizable value basis of valuing its ending inventory. The following information is available: Net Realizable Value Cost $14,800 19,000 33,800 $17,000 18,000 35,000 Lawnmowers: Self-propelled Push type Total Snowblowers: Manual Self-start Total Total inventory 29,800 19,000 31,000 21,000 52,000 $87,000 48,800 $82,600 Compute the value of the ending inventory by applying the lower-of-cost-or-NRV. Show your work

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