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Determine the book value of slrs inventory

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Question - SLR Corporation has 2,000 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows:

 Product 1 Product 2 

Cost $70   $44   

Selling price  120    46   

Costs to sell  6    3  

Determine the book value of SLR's inventory assuming that the lower of cost and net realizable value rule is applied to individual products.

Reference no: EM131648038

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