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A company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product Product Quantity
A company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product
| Product | Quantity | Cost per Unit | Market per Unit |
|---|---|---|---|
| Product A | 10 | $ 732 | $ 702 |
| Product B | 15 | $ 532 | $ 572 |
| Product C | 20 | $ 682 | $ 707 |
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Auditing A Modern Approach
Authors: Sanjay Basotia
1st Edition
938092903X, 978-9380929033
