Finch Company is preparing the annual financial statements dated December 31, 2014. Information about inventory stocked for regular sale follows: Compute the valuation for the December 31, 2014, inventory using the lower-of-cost-or-net realizable value basis.

Question

Finch Company is preparing the annual financial statements dated December 31, 2014. Information about inventory stocked for regular sale follows:  Compute the valuation for the December 31, 2014, inventory using the lower-of-cost-or-net realizable value basis.

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The Answer of Finch Company is preparing the annual financial statements dated December 31, 2014. Information about inventory stocked for regular sale follows:  Compute the valuation for the December 31, 2014, inventory using the lower-of-cost-or-net realizable value basis.

Finch Company Is Preparing the Annual Financial Statements Dated December