Taylor Entertainment Center has 5 TVs on hand at the balance sheet date that cost $400 each. The net realiz - able value is $350 per unit. Under the lower-of-cost-or - net realizable value basis of accounting for inventories, what value should Taylor report for the TVs on the balance sheet? Why?
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Home » Business » Taylor Entertainment Center has 5 TVs on hand at the balance sheet date that cost $400 each. The net realiz - able value is $350 per unit.