Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment $ 266 168 23 Selling price Cost Costs to sell Surgical Supplies $138 106 11 Rehab Equipment $ 351 268 31 Rehab Supplies $157 158 6 In applying the lower of cost or net realizable value rule, the inventory of rehab supplies would be valued at:

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.