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11. ou , 4o,ou 100.000 Jammy Company developed the following information about its inventories in applying the lower of cost and market (LCM) basis in

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11. ou , 4o,ou 100.000 Jammy Company developed the following information about its inventories in applying the lower of cost and market (LCM) basis in valuing inventories: Product Cost Market $ 70,000 $ 75,000 B 50,000 48.000 100,000 102.000 The value of the inventory reported on the balance sheet should be a. $227,000 b. $220.000 $225,000 $218.000

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