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Using the Information Below for a Sporting Goods Store, Calculate

Question 21

Multiple Choice

Using the information below for a sporting goods store, calculate the amount of inventory adjustment using the Lower of Cost or Net Realizable value method applied to the inventory on a major category basis: Using the information below for a sporting goods store, calculate the amount of inventory adjustment using the Lower of Cost or Net Realizable value method applied to the inventory on a major category basis: A) $ 450 B) $ 825 C) $1,275 D) $ 800


A) $ 450
B) $ 825
C) $1,275
D) $ 800

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