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The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Units Cost per Unit Net Realizable Value RSK-89013 490

The accountant for Murphy Company prepared the following analysis of its inventory at year end:

Item	Units	Cost per Unit	Net Realizable Value
RSK-89013	490	$38	$44
LKW-91247	329	49	45
QEC-57429	462	25	33

Prepare the journal entry required to value the inventory at lower of cost or market.

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