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Using the lower the cost or market method, determine the value of ending inventory Set up showing the lower limit, upper limit, market or limit

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Using the lower the cost or market method, determine the value of ending inventory Set up showing the lower limit, upper limit, market or limit column, and LCM column. Item #30 #40 #50 Cost Replacement cost Sales price Selling expense Normal profit (market) 1.94 1.90 2.30 .50 .30 1.75 1.65 2.40 .60 .20 1.40 1.50 2.50 .65 .10 1

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