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method On the basis of the following data, determine the value of the inventory...

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Accounting

method
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 10.
Commodity Inventory
Quantity Cost per
Unit Market Value per Unit
(Net Realizable Value)
JFW1140 $45 $47
SAW92792318
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

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