Question 20 Concord Company developed the following information about its inventories in applying the lower...
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Question 20 Concord Company developed the following information about its inventories in applying the lower of cost and net realizable value in valuing inventories: Product A Cost $ 69100 49300 100800 NRV $ 75200 47700 103000 B After Concord Company values its inventory at the lower of cost or net realizable value, the value of the inventory reported on the balance sheet would be O $227500. O $219200. O $225900. O $217600
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