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Assume that a company has the following inventory items and quantities: Inventory Item Cost Quantity 400 $11 B 320 Market $8 $30 $70 $180 $22

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Assume that a company has the following inventory items and quantities: Inventory Item Cost Quantity 400 $11 B 320 Market $8 $30 $70 $180 $22 $50 $200 180 D 25 After applying the lower-of-cost-or-market (LCM) method, what is the total inventory that the company has in dollars? O $283 O $288 O $925 $23,740 O $25,440 $27,670 $29,900

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