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4. [-/1 Points] DETAILS BRECMBC9 16.1.010.MI. 4 MY NOTES AS Use the lower-of-cost-or-market rule to determine the value (in $) of the following inventory
4. [-/1 Points] DETAILS BRECMBC9 16.1.010.MI. 4 MY NOTES AS Use the lower-of-cost-or-market rule to determine the value (in $) of the following inventory for Save-Mor Merchandisers. Item Qty Cost Market Valuation Basis Raincoats 470 $88 $58 -Select- $ Birdcages 315 38 50 -Select- Radios 222 43 33 42 12 -Select- Calculators 377 17 17 14 -Select- Video Games 467 30 23 --Select-- Total Value of Inventory $ Need Help? Read It Watch It Master It Amount
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