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On the basis of the following data, determine the value of the inventory at the...

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Accounting

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item as shown in Exhibit below.

Item Inventory Quantity Unit Cost Price ($) Unit Market Price ($)
MT22 1,029 90 85
4WY09 8,340 36 43
1GDS 7,165 187 169

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