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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
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 A 222 $4 $6 $888 $1,332 101 $14 $11 $1,414 $1,111 65 $21 $23 $1,365 $1,495 $
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