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On the basis of the following data: Commodity Inventory Quantity Unit Cost Price Unit Market Price AL65 42 $137 $159 CA22 44 214 218 LA98
On the basis of the following data:
Commodity | Inventory Quantity | Unit Cost Price | Unit Market Price | |
AL65 | 42 | $137 | $159 | |
CA22 | 44 | 214 | 218 | |
LA98 | 12 | 100 | 79 | |
SC16 | 47 | 182 | 166 | |
UT28 | 35 | 293 | 287 |
Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10.
Commodity | Total Cost | Total Market | Total Lower of C or M |
AL65 | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 |
CA22 | fill in the blank 4 | fill in the blank 5 | fill in the blank 6 |
LA98 | fill in the blank 7 | fill in the blank 8 | fill in the blank 9 |
SC16 | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 |
UT28 | fill in the blank 13 | fill in the blank 14 | fill in the blank 15 |
Total | $fill in the blank 16 | $fill in the blank 17 | $fill in the blank 18 |
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