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Calculate the lower of cost or market for each item. Take lower between: (1) Cost (2) Market is Middle amount of: (a) Net Realizable Value

Calculate the lower of cost or market for each item. Take lower between: (1) Cost (2) Market is "Middle" amount of: (a) Net Realizable Value (selling price less cost c (b) Replacement Cost (c) Net Realizable Value less normal profit ama

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