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On the basis of the data shown below: Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) A13Y 155 $50 $55
On the basis of the data shown below:
| Item | Inventory Quantity | Cost per Unit | Market Value per Unit (Net Realizable Value) |
| A13Y | 155 | $50 | $55 |
| BJ54 | 313 | 25 | 20 |
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 9.
$
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IT Auditing Using A System Perspective Premier Reference Source
Authors: Robert Elliot Davis
1st Edition
1799855481, 978-1799855484
