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. Apply lower of cost or market to each inventory item as shown in Exhibit below.
Item
Inventory Quantity
Unit Cost Price ($)
Unit Market Price ($)
MT22
1,029
90
85
4WY09
8,340
36
43
1GDS
7,165
187
169
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