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4. The December 31, 2025 inventory of Gwynn Company consisted of four products, for which certain information is provided below. Instructions Using the lower-of-cost-or-market approach

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4. The December 31, 2025 inventory of Gwynn Company consisted of four products, for which certain information is provided below. Instructions Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2025

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