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M 7 - 1 4 ( Algo ) Reporting Inventory under Lower of Cost or Market / Net Realizable Value [ LO 7 - 4

M7-14(Algo) Reporting Inventory under Lower of Cost or Market/Net Realizable Value [LO 7-4]
The Jewel Fool had the following inventory items on hand at the end of the year.
Determine the lower of cost or market/net realizable value per unit and the total amount that should be reported on the balance sheet
for each item of inventory.
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