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Naughty Dog Disc Golf Show Uses the Lower-Of-Cost-Or Net Realizable

Question 221

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Naughty Dog Disc Golf Show uses the lower-of-cost-or net realizable value basis for its inventory. The following data are available at December 31 Naughty Dog Disc Golf Show uses the lower-of-cost-or net realizable value basis for its inventory. The following data are available at December 31 Determine the amount of the ending inventory by applying the lower- of- cost- or-net realizable value basis. Determine the amount of the ending inventory by applying the lower- of- cost- or-net realizable value basis.

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