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Test 2 (Ch. 5, 6, 8 & 9) Using the lower of cost or market, what should the total inventory value be for the following

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Test 2 (Ch. 5, 6, 8 & 9) Using the lower of cost or market, what should the total inventory value be for the following items: Inventory Cost Market Value Total Cost Total Market Lower of Cost Item Quantity per Unit Price Price Market A 190 $5 $7 $950 $1,330 per Unit 85 B $15 $13 $1,275 $1,105 31 $25 $28 $775 $868 > tel 2 ne Next > Time Remig3341 MacBook Pro gel & = 7 delete 00 9 0

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