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    Accounting Study Set 4
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    Exam 7: Inventories
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    Damaged Merchandise That Can Be Sold Only at Prices Below
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Damaged Merchandise That Can Be Sold Only at Prices Below

Question 84

Question 84

Multiple Choice

Damaged merchandise that can be sold only at prices below cost should be valued at


A) net realizable value
B) LIFO
C) FIFO
D) average cost

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