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Chapter 6 Show Me How Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost

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Chapter 6 Show Me How Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9. Unit Inventory Quantity 300 500 150 800 400 Unit Market Value per Unit Product Model A Model B Model C Model D Model E Cost Price (Net Realizable Value) $140 90 60 120 140 $125 112 59 115 145 Inventory at the Lower of Cost or Market Product Total Cost Total Market Lower of Total Cost or Total Market Set up a table with 3 columns for the the market trice and en e mi tai m not amount in the 5e couen Then enter te current information on number of unts, unit cost price, and unit market price. Musply the number of units by the unit cost price and enter the total cost am ve othe two a unts t the s and n cour ne n e ur n Finale to a) the s Check My Work Assignment Score: 29.88% All work saved

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