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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
On the basis of the following data, determine the value of the inventory at the lowerofcostormarket.
Apply lowerofcostormarket to each inventory item, as shown in Exhibit
Total
Product Inventory Quantity Cost per Unit Market Value per
Unit Net Realizable Value Cost Market LCM
Adams $ $ $fill in the blank
$fill in the blank
$fill in the blank
Coolidge fill in the blank
fill in the blank
fill in the blank
McKinley fill in the blank
fill in the blank
fill in the blank
Garfield fill in the blank
fill in the blank
fill in the blank
Lincoln fill in the blank
fill in the blank
fill in the blank
Total $fill in the blank
$fill in the blank
$fill in the blank
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