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The following data is available for Model Car Company. Item Quantity Unit Cost Replacement Cost A 600 $50 $44 B 200 $72 $80 C 800
The following data is available for Model Car Company.
| Item | Quantity | Unit Cost | Replacement Cost |
| A | 600 | $50 | $44 |
| B | 200 | $72 | $80 |
| C | 800 | $40 | $35 |
Compute the total inventory value under the lower of cost or market method.
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2 Principles Of Financial And Managerial Accounting
Authors: Pollard, Sherry T. Mills, Walter T. Harrison Jr.
0136009891, 978-0136009894
