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Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Item IA17 124

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Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Item IA17 124 $46 $41 OST4 246 23 26 Determine the value of the Inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit

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