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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 | $ 704 | $ 674 |
| Product B | 15 | $ 504 | $ 544 |
| Product C | 20 | $ 654 | $ 679 |
A. 1897
B. 27380
C. 1862
D. 28480
E. 27680
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0133392883
