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Monty Corp. sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2017: Unit
Monty Corp. sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2017: Unit Cost Market Coffee Bean Units Market Coffea arabica Coffea robusta 12,800 bags 4,000 bags $5.40 3.40 $5.37 3.50 Calculate Tascon's inventory by applying the lower-of-cost-or-market basis. Tascon's inventory $
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