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On the basis of the following data, 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
On the basis of the following data, 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 10. Market Value per Unit (Net Realizable Value) Item Inventory Quantity Cost per Unit JFW1 87 $27 $25 SAW9 183 14 19 10,563 X Feedback
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