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Applying the Lower of Cost or Market rule to total inventory will always result in an inventory value Ohigher than or equal to the

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Applying the Lower of Cost or Market rule to total inventory will always result in an inventory value Ohigher than or equal to the inventory value from applying to Lower of Cost or Market rule to individual inventory items O lower than or equal to the inventory value from applying to Lower of Cost or Market rule to individual inventory items equal to the inventory value from applying to Lower of Cost or Market rule to individual inventory items Cannot be determined from the information given

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