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Using the lower of cost or market, what should the total inventory value be for the following items: Cost Market Value Lower of Cost or

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Using the lower of cost or market, what should the total inventory value be for the following items: Cost Market Value Lower of Cost or Inventory Quantity Total Cost Price Total Market Price Item per Unit per Unit Market A 208 $7 $10 $1,456 $2,080 B 117 $15 $11 $1,755 $1,287 47 $21 $23 $987 $1,081 mo

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