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jens company developed the following information about its inventories in applying the lower of cost or market (LCM) basis in valuing inventories product cost market

jens company developed the following information about its inventories in applying the lower of cost or market (LCM) basis in valuing inventories

product cost market A 55000 60000 B 40000 38000 C 80000 81000 IF JENS APPLY THE LCM BASIS, THE VALUE OF THE INVENTORY REPORTED ON THE BALANCE SHEET WOULD BE?

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