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Coronado Industries sells three different categories of tools (small, medium and large). The cost and market value of its inventory of tools are as follows.

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Coronado Industries sells three different categories of tools (small, medium and large). The cost and market value of its inventory of tools are as follows. Market Small Medium Large $69,660 287,600 156,280 66,100 249,880 162,640 Determine the value of the company's inventory under the lower-of-cost-or-market approach The total inventory value 513540

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