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Using the lower of cost or market, what should the total inventory value be for the following items: Unit Cost Unit Market 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: Unit Cost Unit Market Total Cost Total Market Price Price Price Price Lower of Cost or Market Item Quantity 191 $9 $13 $1,719 $2,483 B 118 $15 $12 $1,770 $1,416 64 $23 $25 $1,472 $1,600

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