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The following information pertains to Hagen Metal Work's ending inventory for the current year Unit Market Value $ 16 20 28 17 Unit Cost $24
The following information pertains to Hagen Metal Work's ending inventory for the current year Unit Market Value $ 16 20 28 17 Unit Cost $24 ltem Quantity 90 75 40 25 15 Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) ead individual inventory item and (2) the inventory in aggregate. Ending Inventory Individual item methood Aggregate method
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