Question: Creative Technology reports inventory using the lower of cost and net realizable value ( NRV ) . Below is information related to its yearend inventory.

Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its yearend inventory.
\table[[,,,],[Inventory,Quantity,Cnit,Unit],[Optima cast,NRV,,],[Inspire speakers,120,$78,$48
Creative Technology reports inventory using the lower of cost and net

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