When applying the lower of cost and net realizable value (NRV) of inventory valuation, NRV is defined as the estimated _____________________ in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

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The Answer of When applying the lower of cost and net realizable value (NRV) of inventory valuation, NRV is defined as the estimated _____________________ in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

When Applying the Lower of Cost and Net Realizable Value