Question: Moss Co. has determined its year-end inventory on a FIFO basis to be $400,000. Information pertaining to that inventory is as follows: Estimated selling price

Moss Co. has determined its year-end inventory on a FIFO basis

Moss Co. has determined its year-end inventory on a FIFO basis to be $400,000. Information pertaining to that inventory is as follows: Estimated selling price $ 408,000 Estimated costs to sell 20,000 What should be the book value of Moss's inventory

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