Your company has not yet decided how it will apply LCNRV to its inventory. If...
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Accounting
Your company has not yet decided how it will apply LCNRV to its inventory. If management wants to maximize the value of ending inventory, it should:
a apply LCNRV by group, or "by class."
b apply LCNRV to total inventory.
c apply LCNRV by item.
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