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Business, 10.10.2019 03:30 glydelxc2780

Ryan distribution co. has determined its december 31, 2014 inventory on a fifo basis at $490,000. information pertaining to that inventory follows: estimated selling price $510,000estimated cost of disposal 20,000normal profit margin 60,000current replacement cost 450,000ryan records losses that result from applying the lower-of-cost-or-market rule. at december 31, 2014, the loss that ryan should recognize is: a. $0.b. $10,000.c. $20,000.d. $40,000.

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Ryan distribution co. has determined its december 31, 2014 inventory on a fifo basis at $490,000. in...
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