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Business, 31.07.2019 00:20 sherifour

misty, inc. had 22,000 units of ending inventory that were recorded at the cost of $ 6.00 per unit using the fifo method. the current replacement cost is $ 4.25 per unit. what amounts would be reported as ending merchandise inventory on the balance sheet using the lower-of-cost-or-market rule?

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misty, inc. had 22,000 units of ending inventory that were recorded at the cost of $ 6.00 per unit u...
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