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Meranda Company Reports the Following Inventory Information

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Meranda Company reports the following inventory information:
Meranda Company reports the following inventory information:     What is the total value of the merchandise under LCNRV (lower of cost or net realizable value)? Show all calculations.
What is the total value of the merchandise under LCNRV (lower of cost or net realizable value)? Show all calculations.

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The value of the inventory at LCNRV is $...

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