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Business, 18.11.2020 16:50 shanice13

Concord 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 $91000 $96000 B 64000 61000 C 128000 130000 After Concord Corporation applies the LCNRV rule, the value of the inventory reported on the balance sheet would be:.

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