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A company has three categories of inventory in stock: Category Cost Market value Tin $ 4 0 0 $ 3 5 0 Stainless steel 2

A company has three categories of inventory in stock:
Category
Cost
Market value
Tin
$400
$350
Stainless steel
200
150
Aluminum
300
500
Apply the lower of cost or market rule to determine the company's ending inventory.

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