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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 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 151 $42 $44 SAW9 290 20 15 $fill in the blank 1

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