On the basis of the following data, determine the value of the inventory at the lower of
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Exhibit 8:
Transcribed Image Text:
Inventory Unit Cost Price Unit Market Price Quantity 1,500 Item MT22 WY09 22 25 900 A в Unit Market Unit Inventory Cost Quantity Price 400 120 Total Lower of C or M 3 Cost Price $10.25 $ 9.50 $ 4,100 $ 3,800 24.10 7.75 14.75 Market Item 4 A 5 B $ 3,800 22.50 8.00 14.00 2,700 2,892 6 C 600 4,800 3,920 $15,520 4,650 4,130 $15,472 4,650 280 3,920 8 Total $15,070 9.
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Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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