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Jones Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $12. Consistent with the lower of cost and net realizable value approach, this inventory item should
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Jones Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $12. Consistent with the lower of cost and net realizable value approach, this inventory item should be valued at:__________

a) $110.
b) $88.
c) $98.
d) $100

User KPM
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16 votes
16 votes

Answer:

I think A but ion kno thats prolly wrong-

Step-by-step explanation:

User Yathi
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