Essay
Boulder, Inc. is computing its inventory at December 31, 2016. The following information relates to the five major inventory items regularly stocked for resale: 
Required:
Using the lower of cost or market rule (LCM or net realizable value), compute the total valuation for each inventory item at December 31, 2016, and the total inventory valuation.
Correct Answer:
Verified
Correct Answer:
Verified
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