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A company's normal selling price for its product is $24 per unit. However, due to market competition, the selling price has fallen to 519 per

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A company's normal selling price for its product is $24 per unit. However, due to market competition, the selling price has fallen to 519 per unit. This company's current FIFO inventory consists of 240 units purchased at $20 per unit Net realizable value has fallen to 517 per unit Calculate the value of this company's inventory at the lower of cost or market

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