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. Assemble the data in the form illustrated in Exhibit 10. Product Inventory Quantity Cost Per Unit Market Value per Unit (Net Realizable Value) Class 1: Model A 21 $253 $249 Model B 35 234
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