ower-of-Cost-or-Market (LCM) Method The following data refer to the Froning Company's ending inventory: Item Code...
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ower-of-Cost-or-Market (LCM) Method The following data refer to the Froning Company's ending inventory: Item Code Quantity Unit Cost Unit Market LXC 90 $75 $78 KWT 240 68 64 MOR 330 52 50 NES 130 57 62 Calculate the value of the company's ending inventory by using the lower-of-cost-or-market method applied to each item of inventory. Ending Inventory:
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