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4. [-720 Points] DETAILS BRECMBC9 16.1.010.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Use the lower-of-cost-or-market rule to determine the value (in $) of the
4. [-720 Points] DETAILS BRECMBC9 16.1.010.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 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 Amount Raincoats 470 $86 $56 ---Select--- Birdcages 315 50 38 ---Select--- Radios 222 45 44 ---Select--- Calculators 377 17 14 ---Select--- Video Games 467 33 40 ---Select--- Total Value of Inventory
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