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Nelson Corporation Sells Three Different Products

Question 160

Multiple Choice

Nelson Corporation sells three different products.The following information is available on December 31: Nelson Corporation sells three different products.The following information is available on December 31: After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Nelson's total ending inventory balance be? A) $6,900 B) $6,450 C) $7,950 D) $6,600 After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Nelson's total ending inventory balance be?


A) $6,900
B) $6,450
C) $7,950
D) $6,600

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