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On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the

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On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form ilustrated in Exd Inventory Quantity 100 75 Inventory Cost per Unit $125 Market Value per Unit Item $120 108 Mountain Ash 90 105 Inventory at the Lower of Cost or Market Total Cost Total Market Total Lower of C or M Mountain Ash Total

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