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    Intermediate Accounting Study Set 5
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    Exam 9: Inventories: Additional Issues
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    In Applying the Lower of Cost and Net Realizable Value
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In Applying the Lower of Cost and Net Realizable Value

Question 48

Question 48

Multiple Choice

In applying the lower of cost and net realizable value rule,the inventory of surgical equipment would be valued at:


A) $230.
B) $240.
C) $170.
D) $152.

Correct Answer:

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