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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 Price

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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 Price Price Price Total Market Price Lower of Cost or Market Item Quantity A 196 $7 $10 $1,372 $1,960 B 91 16 14 1,456 1,274 till 67 23 26 1,541 1,742

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