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Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of...

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Accounting

Lower-of-Cost-or-Market Inventory
On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10.
\table[[Commodity,\table[[Inventory],[Quantity]],\table[[Unit],[Cost Price]],\table[[Unit],[Market Price]]],[Ash,80,$140,$125
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