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Problem 6-4A Report inventory using lower-of-cost-or-market (LO6) [The following information applies to the questions displayed below.j A local Chevrolet dealership carries the following types of
Problem 6-4A Report inventory using lower-of-cost-or-market (LO6) [The following information applies to the questions displayed below.j A local Chevrolet dealership carries the following types of vehicles Market (replacement cost) per Unit Cost per Unit Inventory ltems Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Quantity 2 5 $15,000 15,000 13,000 18,000 30,000 18,000 $17,000 16,000 11,000 15,000 27,000 26,000 6 2 Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks References Section Break Problem 6-4A Report inventory using lower-of-cost-or-market (LO6) value 10.00 points You did not receive credit for this question in a previous att Problem 6-4A Part 1 Required: 1. Compute the total cost of the entire inventory. Total cost
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