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Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory...

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Accounting

Lower-of-Cost-or-Market Method 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 126 $35 $40 SAW9 237 17 12

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