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Lower-of-cost-or-market method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item,

Lower-of-cost-or-market method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10. Commodity JFW1 SAW9 X Inventory Quantity 76 157 Cost per Unit $44 22 Market Value per Unit (Net Realizable Value) $41 27
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Lower-of-cost-or-market method On the basis of the followng data, determine the value of the inventory at the lower-of-cost-ar-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10

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