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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

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 as shown in exhibit below. tem Inventory quantity unit cost price unit market price MT22. 1232 95 88 4WY09. 16790 36 43 IGDS. 7225 196 171

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