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Lower-of-Cost-or-Market Inventory On the basis of the following data: Inventory Unit Commodity Unit Quantity Cost...

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Accounting

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Lower-of-Cost-or-Market Inventory On the basis of the following data: Inventory Unit Commodity Unit Quantity Cost Price Market Price AL65 $90 $86 CA22 58 79 LA98 222 230 SC16 129 151 UT28 162 160 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Inventory at the Lower of Cost of Market Total Cost Total Market Total Lower of Cor M Commodity AL65 CA22 LA9B SC16 UT28 Total

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