Question: Lower-of-Cost-Net-Realizable-Value Method The following data are taken from the Browning Corporation's inventory accounts: Item Unit Net Realizable Code Quantity Cost Value ACE 100 $27 $25

Lower-of-Cost-Net-Realizable-Value Method The following data are taken from the Browning Corporation's inventory accounts: Item Unit Net Realizable Code Quantity Cost Value ACE 100 $27 $25 BDF 300 29 31 GH) 400 MBS 200 Calculate the value of the company's ending inventory using the lower-of-cost-or-net realizable value method applied to each item of inventory. Ending Inventory Value: $

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