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At the end of the year, ian co. determined its inventory to be $258,000 on a fifo (first in, first out) basis. the current replacement cost of this inventory was $230,000. ian estimates that it could sell the inventory for $275,000 at a disposal cost of $14,000. if ian's normal profit margin for its inventory was $10,000, what would be its net carrying value?
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At the end of the year, ian co. determined its inventory to be $258,000 on a fifo (first in, first o...
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