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Lower-of-cost-or-market inventory On the basis of the following data, determine the value of the inventory...

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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. Product Class 1: Model A Model B Model C Class 2: Model D Model E Inventory Quantity 45 13 20 28 12 Cost Per Unit $288 94 199 86 219 Market Value per Unit (Net Realizable Value) $279 113 184 102 219
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Lower-af -cost-or-ruarket inventory On the bacis of the following data, determine the value of the inventory at the lower of cost or markat, Assemble the data in the form ihustrated in texhist 10. a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. c. Determine the value of the inventory at the lower of cost or market applied to total inventory

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