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Please show ALL work!! On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply

image text in transcribedPlease show ALL work!!

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. Market Total Cost per value per Inventory Quantity Item Unit Unit Cost Market LCM A 207 $9 $12 $1,863 $2,484 $ B 80 17 13 1,360 1,040 74 26 28 1,924 2,072 Total

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