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Nelson Corporation Sells Three Different Products

Question 227

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: When applying the lower of cost or market rule to each item, what will Nelson's total ending inventory balance be? A) $3,450 B) $3,225 C) $3,975 D) $3,300 When applying the lower of cost or market rule to each item, what will Nelson's total ending inventory balance be?


A) $3,450
B) $3,225
C) $3,975
D) $3,300

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