Nutone values its inventory on the lower of cost and market basis. The following data came from the 20X7 inventory, which consisted of two items: What would be the

Nutone values its inventory on the lower of cost and market basis. The following data came from the 20X7 inventory, which consisted of two items: What would be the value of inventory on Nutone’s statement of financial position?
A) $29,000
B) $24,000
C) $25,000
D) $27,000 Components: NRV < Cost $15,000 - $5, 000 = $10,000 plus Cables: Cost


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