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

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Lower-of-Cost-or-Market Inventory On the basis of the following data: Market Value Inventory Cost per Quantity Unit (Net Realizable per Unit value) Product Model A Model B Model C Model ModelE Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9 20 24 19 21 13 $248 164 234 276 210 $246 180 236 257 199 Inventory at the Lower of Cost or Market Product Total Cost Total Market Lower of Total Cost or Total Market Total $

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