[Solved] If the cost of an item of inventory is $6

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If the cost of an item of inventory is $6o and the market value is $50, the amount included in inventory according to the lower

If the cost of an item of inventory is $6o and the market value is $50, the amount included in inventory according to the lower of cost or market is: a. $60. b. $7. c. $57. d. $50

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