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Determine the book value of inventory

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Question - Super Clean Carpet, Inc. applies the lower of cost or net realizable valuation to individual products and has collected the following data:

Cost Selling Price Costs to Sell

Product A 58 70 15

Product B 52 80 20

Product C 83 100 10

There are 50 units of each of the three products in inventory. Determine the book value of inventory.

Reference no: EM132928159

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