Question: The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp. Required: 1

The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp. Required:
1-a. Determine the valuation of the above inventory at cost by individual items. 1-b. Determine the valuation of the above inventory at cost assuming application of lower-of-cost-or-NRV by classifications.
The information shown below relating to the ending inventory was taken

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