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A company reported the following data related to its ending inventory: Units Product Cost Available Baseball 100 $10 Basketball 75 16 Football 60 14 Soccer

A company reported the following data related to its ending inventory: Units Product Cost Available Baseball 100 $10 Basketball 75 16 Football 60 14 Soccer ball 40 16 Calculate the lower-of-cost-or-market on the inventory applied separately to each product

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