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Find what amount should inventory be measured at

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Question 1: ABC currently has 40 units at a cost $65 each. ABC has been selling the item at $110 each, however due to competition, ABC has determined that the NRV is now $80 per unit. What amount should 'inventory' be measured at?

Option A. $2,600

Option B. $4,400

Option C. $3,200

Option D. $1,200

Reference no: EM132544013

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