Martha, Inc. had 22 comma 000 units of ending inventory that were recorded at the...
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Accounting
Martha, Inc. had 22 comma 000 units of ending inventory that were recorded at the cost of $ 9.00 per unit using the FIFO method. The current replacement cost is $ 4.50 per unit. Which of the following amounts would be reported as ending Merchandise Inventory on the balance sheet using the lowerminusofminuscostminusorminusmarket rule?
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