Question: Oriole music center has five tvs on hand at the balance sheet date that cost 4 8 0 each. The net realizable value is 4

Oriole music center has five tvs on hand at the balance sheet date that cost

480

each. The net realizable value is

430

per unit. Under the lower of cost or net realizable value basis of accounting for inventories, what value should oriole report for the tvs on the balance sheet?

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