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Determine the value of the inventory at the lower of cost or market. Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable
Determine the value of the inventory at the lower of cost or market.
Item Inventory Quantity Cost per Unit Market Value per Unit
(Net Realizable Value) S 5 $36 $30
T 3 28 30
a. $264
b. $234
c. $180
d. $240
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