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Exercise 6-10 Marin Inc. sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31,
Exercise 6-10 Marin Inc. sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2017: Unit Cost Units Market Market Coffee Bean Coffea arabica 13,100 bags $5.40 $5.34 Coffea robusta 4,300 bags3.60 3.70 Calculate Tascon's inventory by applying the lower-of-cost-or-market basis
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