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8. Retail method A company reported the following data related to its ending inventory: Product Sand red Beach Bowl Water fall Wave blue Units Available

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8. Retail method A company reported the following data related to its ending inventory: Product Sand red Beach Bowl Water fall Wave blue Units Available 400 660 300 150 Cost $ 10 25 14 18 Market $ 12 28 11 16 Calculate the lower-of-cost-or-market on the inventory applied separately to each product

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