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Using the lower-of-cost-or market method, inventory adjustment applied to individual inventory item? Kendall Sporting Goods Company's ending inventory consisted of the following item. Market value

Using the lower-of-cost-or market method, inventory adjustment applied to individual inventory item?

Kendall Sporting Goods Company's ending inventory consisted of the following item. Market value per Items Units Cost per unit unit Baseballs 58 $12 $10 Soccer 36 $14 $16 balls Basket 47 $16 $18 balls Footballs 61 $18 $14

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