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

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On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item. Inventory Unit Cost Unit Market Total Lower Item Quantity Price Price Total Cost Total Market of Cost or Market Product C 300 $6 $5 Product D 420 12 14 Total

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