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Using the lower of cost or market, what should the total inventory value be for the following items: Inventory Cost Market Value Total Cost Total

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Using the lower of cost or market, what should the total inventory value be for the following items: Inventory Cost Market Value Total Cost Total Market Lower of Cost or Item Quantity per Unit per Unit Price Price Market 185 $7 $11 $1,295 $2,035 B 118 $19 $15 $2,242 $1,770 $ C 55 $ 20 $22 $1,100 $1,210 $ N

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