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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 by applying 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) JFW1 122 $32 $30 SAW9 257 17 21

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