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Ex 7-15 Ex 7-18 OBJ. 6...

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Accounting

Ex 7-15
Ex 7-18 image
image
OBJ. 6 EX 7-15 Lower-of-cost-or-market inventory 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 9. 30 Market Value per Unit Cost per Unit $125 100 90 74 105 InventoryInventory (Net Realizable Value) Item Quantity el $120 100 75 80 130 60 Birch Cypress Mountain Ash Spruce Willow 108 86 80 98 Ow

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