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Business, 04.11.2020 18:10 rrusso4

Swifty Corporation developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-val ue(LCNRV) basis in valuing inventories: Product Cost Market A $87000$91000 B 6100058000 C 122000123000 After Swifty Corporation applies the LCNRV rule, the value of the inventory reported on the balance sheet would be

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