ccn the basis of the following data, determine the value of the inventory at the lower ofcost
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Question:
ccn the basis of the following data, determine the value of the inventory at the lower ofcost or market. Apply lower of cost or market to each inventory item as shown in Exhibit below.
Item InventoryQuantity UnitCost Price ($) UnitMarket Price($)
MT22 1,276 98 85
4WY09 14,452 36 43
1GDS 9,790 189 166
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