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Applying the lower-of-cost-or-market method to each item of inventory, what should the total inventory value be for the following items? Item Inventory Quantity Cost per
Applying the lower-of-cost-or-market method to each item of inventory, what should the total inventory value be for the following items?
| Item | Inventory Quantity | Cost per Unit | Market Value per Unit | Total Cost Price | Total Market Price | Total LCM |
| A | 178 | $14 | $6 | $712 | $1,068 | $fill in the blank 1 |
| B | 96 | 19 | 15 | 1,824 | 1,440 | fill in the blank 2 |
| C | 37 | 22 | 25 | 814 | 925 | fill in the blank 3 |
| $fill in the blank 4 |
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Fundamentals of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
3rd edition
1118845897, 978-1118845899
