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Calculate the value of the inventory at the lower of cost

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Question - Waterway's Snowshoes usually sells its snowshoes for $140 per unit and allows Waterway's to earn a 25% profit margin. It has recently come to Waterway's attention that the expected selling price has fallen to $64 per unit. Waterway's current inventory includes 90 units purchased at $106 per unit. Calculate the value of the inventory at the lower of cost and net realizable value.

Reference no: EM133176611

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