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Wolfe Company uses the lower of cost or market method, on an individual item basis, in pricing its inventory items. The inventory at December 31,
Wolfe Company uses the lower of cost or market method, on an individual item basis, in pricing its inventory items. The inventory at December 31, 2014, consists of products D, E, F, G, H, and I, Relevant per-unit data for these products appear below. Using the lower of cost or market rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2014, for each of the inventory items above
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