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Lower-of-Cost-or-Market Inventory On the basis of the following data: Inventory Quantity Cost per Unit Product Market Value per Unit (Net Realizable Value) $212 Model A

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Lower-of-Cost-or-Market Inventory On the basis of the following data: Inventory Quantity Cost per Unit Product Market Value per Unit (Net Realizable Value) $212 Model A $220 163 Model B 176 Model C 147 145 Model D 53 Model E 114 118 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in EX Inventory at the Lower of Cost or Market Product Total Cost Total Market Lower of Total Cost or Total Market Total Check My Work

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