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Lower-of-Cost-or-Market (L.CM) Method The Venner Company had the following inventory at L04 Unit Price Quantity Cost Market Fans 300 $18 $19 250 23 24 29

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Lower-of-Cost-or-Market (L.CM) Method The Venner Company had the following inventory at L04 Unit Price Quantity Cost Market Fans 300 $18 $19 250 23 24 29 Model X2.._._. 450 26 Heaters Model B7. Model B8 . Model B9 500 290 100 24 35 41 28 32 37 Required a Determine the value of ending inventory after applying the lower-of-cost-or-market method to each item of inventory

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