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Using the lower of cost or market, what should the total inventory value be for the following items: Unit Cost Price Unit Market Price Total
Using the lower of cost or market, what should the total inventory value be for the following items:
Unit Cost Price | Unit Market Price | Total Cost Price | Total Market Price | Lower of Cost or Market | ||
A | 214 | $8 | $12 | $1,712 | $2,568 | $fill in the blank 1 |
B | 106 | 14 | 11 | 1,484 | 1,166 | fill in the blank 2 |
C | 43 | 23 | 25 | 989 | 1,075 |
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