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The following information pertains to Hagen Metal Work's ending inventory for the current year: Ttem Quantity 220 210 Unit Cost $ 15 17 Unit Market

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The following information pertains to Hagen Metal Work's ending inventory for the current year: Ttem Quantity 220 210 Unit Cost $ 15 17 Unit Market Value $ 14 62 50 Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate. Ending Inventory Individual item method Aggregate method

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