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Business, 14.04.2020 21:47 kestegag7162

Iris Company has provided the following information regarding two of its items of inventory at year-end: • There are 100 units of Item A, having a cost of $20 per unit, a net realizable value of $18 per unit. • There are 50 units of Item B, having a cost of $50 per unit, a net realizable value of $52 per unit. How much is the total ending inventory using lower of cost or net realizable value on an item-by-item basis?

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