Question: Net Realizable ? 4 Value ( NRV ) is used to calculate the lower value of inventory and is based on the estimated selling price

Net Realizable ?4 Value (NRV) is used to calculate the lower value of inventory and is based on the estimated selling price in the normal course of business minus:
Costs of completion, disposal, and transportation.
Ending inventory estimated using LIFO.
Beginning inventory plus purchases.
Initial value adjusted for shrinkage.
Net Realizable ? 4 Value ( NRV ) is used to

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