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Littleton electronics ltd reports the following cost and

Question - Littleton Electronics Ltd. reports the following cost and net realizable value information for its inventory at January 31:

	Units	Unit Cost	Unit NRV
Cameras:
Kodak	4	$177	$155
Minolta	8	145	156
Light Meters:
Gossen	12	128	156
Seconic	10	126	90

Determine the lower of cost and net realizable value of the ending inventory.

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Accounting Basics: Littleton electronics ltd reports the following cost and

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Accounting Basics: Littleton electronics ltd reports the following cost and

Reference No:- TGS02899535

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