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 8. Total Product Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Cost Market LCM Adams 100 $140 $125 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Coolidge 375 90 112 fill in the blank 4 fill in the blank 5 fill in the blank 6 McKinley 220
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