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Accounting chap 8/9/10 - Coggle Diagram

- - - - a) compute the lower of cost or NRV by each individual/ classification/ total :check:
      - b) record the inventory adjustment assuming the rule is applied to individual items :check:
      - c) show the financial statement impact for each approach described in part b assuming a given COGS :warning:
      - d) record the adjustment to COGS one year later assuming given cost and NRV :warning: