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

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Accounting

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 150 $33 $37

SAW9 284 17 13

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