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eBookShow Me How Question Content Area Lower-of-Cost-or-Market Method On the basis of the following data,...

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Accounting

eBookShow Me How Question Content Area Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10.

Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value)
JFW1 159 $59 $54
SAW9 313 28 30

$

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