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Using the lower of cost or market, what should the total inventory value be for the following items Using the lower of cost or market,

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Using the lower of cost or market, what should the total inventory value be for the following items

Using the lower of cost or market, what Should the total inventory value be for the following items: Market Value Total Cost Total Market Lower of Cost or Inventory Cost Item Quantity per Unit per Unit $8 $11 $23 Price $1,224 $1,680 $1,071 Price $1,632 $1,232 $1,173 Market c 204 112 51 $6 $15 $21

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