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A small-appliance merchant shows an inventory of 200 toasters at a cost of $27.25 and a market value of $27.50. Compute the inventory value at

A small-appliance merchant shows an inventory of 200 toasters at a cost of $27.25 and a market value of $27.50. Compute the inventory value at the lower of cost or market. $5,500 $5,475 $5,450 $5,400

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