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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. Assemble the data
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. Assemble the data in the form illustrated in Exhibit 10. Product Class 1: Model A Model B Model C Class 2: Model D Model E Product Model A Model B Model C Model D Model E Inventory Quantity Total 20 9 42 40 39 Cost Per Unit $170 94 238 192 181 Market Value per Unit (Net Realizable Value) a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. $147 103 246 209 166 Inventory at the Lower of Cost or Market Inventory Cost Quantity per Unit (Net Realizable Value) Market Value per Unit Cost Market Lower of Cost or Market Lewer-of-Cnst-enviarket Inventory On the basis of the following data, determine the valut of the inventery at the lower of cost or market. Assemble the daca in the form Aluatrated in Eatibt 10. a. Determine the value of the invemery at the lower of cost er market applied to each item in the inventery
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. Assemble the data in the form illustrated in Exhibit 10. Product Class 1: Model A Model B Model C Class 2: Model D Model E Product Model A Model B Model C Model D Model E Inventory Quantity Total 20 9 42 40 39 Cost Per Unit $170 94 238 192 181 Market Value per Unit (Net Realizable Value) a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. $147 103 246 209 166 Inventory at the Lower of Cost or Market Inventory Cost Quantity per Unit (Net Realizable Value) Market Value per Unit Cost Market Lower of Cost or Market
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