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please show and explain work 2 Lower of Cost or Market The following information for Tuell Company is available: Required: 1. What is the correct

please show and explain work
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2 Lower of Cost or Market The following information for Tuell Company is available: Required: 1. What is the correct inventory value in each of the preceding situations if Tuell uses U.S. GAAP? 2. What is the correct inventory value in each of the preceding situations if Tuell uses IFRS? 3. Explain any differences between U.S. GAAP and IFRS inventory valuations

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