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The unit cost of inventory item NO. 10223 is recorded at $60 per unit on the book, while the current unit cost for the same

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The unit cost of inventory item NO. 10223 is recorded at $60 per unit on the book, while the current unit cost for the same item on the market is $30 per unit. Please indicate which of the following management assertions regarding inventory is being violated. Existence and Occurrence Completeness Valuation or accuracy Rights and obligations Presentation and disclosures

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