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The Jewel Fool had the following inventory items on hand at the end of the year. Determine the lower of cost or market / net

The Jewel Fool had the following inventory items on hand at the end of the year. Determine the lower of cost or market

/

net realizable value per unit and the total amount that should be reported on the balance sheet for each item of inventory. PLEASE SHOW EACH STEP WHILE KEEPING IT EASY AND SIMPLE TO FOLLOW.

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