Fiedler Corporation uses Lower of Cost or Market to value inventory. An item in inventory has...

Fiedler Corporation uses Lower of Cost or Market to value inventory. An item in inventory has the following information. How much will this item be valued at on the books for reporting purposes?

Sales Price	1,200
Net Realizable Value	1,150
Normal Profit	80
Replacement Cost	1,050
Original Cost	1,100

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ekkarill92 answered 1 year ago

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