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Lower-of-Cost or Market Method On the basis of the data shown below: Inventory Quantity Cost per Unit Item Market Value per Unit (Net Realizable Value)

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Lower-of-Cost or Market Method On the basis of the data shown below: Inventory Quantity Cost per Unit Item Market Value per Unit (Net Realizable Value) CK3) 50 $35 $37 B354 101 18 15 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 Exhibit 9

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