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At what amount should the company''s inventory be reported

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Question - Merle Industries had been selling its product for $32 per unit, but recently lowered the selling price to $21 per unit. The company's current inventory consists of 230 units purchased at $28 per unit. The market value of this inventory is currently $19 per unit. At what amount should the company's inventory be reported on the balance sheet?

Reference no: EM133110851

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