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How much is the ending inventory

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Question - Iris Company has provided the following information regarding two of its items of inventory at year- end:

There are 130 units of Item A, having a cost of $26 per unit and a net realizable value of $24 per unit.

There are 80 units of Item B, having a cost of $56 per unit and a net realizable value of $61 per unit.

How much is the ending inventory using lower of cost or net realizable value (lower of cost or market) on an item-by-item basis?

Reference no: EM133092369

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