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Splish Brothers Inc. sells three different products. The following information is available on December 31:...

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Splish Brothers Inc. sells three different products. The following information is available on December 31: Units 280 560 1410 Cost per unit $4 $2.0 $3.0 Market value per unit $3.50 $1.50 $4.00 Inventory item When applying the lower of cost or market rule to each item, what will Splish total ending inventory balance be? $7465 $6050 $6190 $6414

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