Lower-of-Cost-or-Market Inventory On the basis of the following data: Inventory...
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Lower-of-Cost-or-Market Inventory On the basis of the following data: Inventory Quantity 25 25 46 16 Cost per Unit Market Value per Unit (Net Realizable Value) Product Model A Model B Model C Model D Model E Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9 $64 160 284 $51 136 303 102 208 Inventory at the Lower of Cost or Market Product Total Cost Total Market Lower of Total Cost or Total Market Total
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