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Question 14 On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of

Question 14

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. Item Inventory Quantity Unit Cost Price ($) Unit Market Price ($) MT22 1356 99 82 4WY09 17782 37 42 1GDS 7839 178 171

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