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The table shows the inventory of Elkins Light Fixtures. If Elkins applies the LCNRV basis,...

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Accounting

The table shows the inventory of Elkins Light Fixtures. If Elkins applies the LCNRV basis, what would be the value of the inventory reported on the balance sheet?

A. 180,000

B. 176,000

C. 184,000

D. 182,000

Answer & Explanation Solved by verified expert
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