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Nelson Corporation Sells Three Different Products

Question 43

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 net realizable value rule to each item, what will Nelson report as its cost of ending inventory on December 31? A) $2,300 B) $2,200 C) $2,650 D) $2,000 When applying the lower of cost or net realizable value rule to each item, what will Nelson report as its cost of ending inventory on December 31?


A) $2,300
B) $2,200
C) $2,650
D) $2,000

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