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Inventory on the Balance Sheet On the basis of the following data, determine the value of the inventory at the lower of cost or market.
Inventory on the Balance Sheet On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhit 8. Assuming that the cost was determined by the fifo methos, show how inventory would appear on the balarice sheet. The inventorvi would appearin the ! Inventory at lower of cost (FIFO) or market
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