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CP7-2 Finding Financial Information LO 7-2, 7-4, 7-5, 7-7 Refer to the financial statements of Urban outfitters given in Appendix Cat the end of this book. Required: 1. The company uses lower of cost or market to account for its inventory. At the end of the year, do you expect the company to write its inventory down to replacement cost or net realizable value? Explain your answer 2. What method does the company use to determine the cost of its inventory Where did you find this information