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Lower of Cost or Market
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Lower of Cost or Market
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5. Inventory / Lower of Cost or Market / Problem 1
Problem 1
A company estimates it can sell its inventory for \$200,000 with disposal costs of \$20,000. What is the net realizable value of the inventory?
A
\$220,000
B
\$20,000
C
\$180,000
D
\$200,000
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