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Merle Industries had been selling its product for $ 5 6 per unit, but recently lowered the selling price to $ 3 3 per unit.
Merle Industries had been selling its product for $ per unit, but recently lowered the selling price to $ per unit. The company's current inventory consists of units purchased at $ per unit. The market value of this inventory is currently $ per unit. At what amount should the companys inventory be reported on the balance sheet?
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