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Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market. Total Product Inventory

Lower-of-Cost-or-Market Inventory

On the basis of the following data, determine the value of the inventory at the lower of cost or market.

Total
Product Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Cost Market LCM
Adams 100 $140 $125 $_____ $_____ $______
Coolidge 375 90 112 ______ ______ ______
McKinley 220 60 59 ______ ______ ______
Garfield 900 120 115 ______ ______ ______
Lincoln 626 140 145 ______ ______ ______
Total $_____ $_____ $______

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