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Brooks company carries three inventory items

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Reference no: EM131807652

Brooks Company carries three inventory items. The following information pertains to the ending inventory:

Item Quantity Unit
Cost		 Unit
Market Value
A 220 $ 12   $ 11  
F 245   17     16  
K 174   5     8  

Required

a. Determine the ending inventory that Brooks will report on the balance sheet, assuming that it applies the lower-of-cost-or-market rule to individual inventory items.

Reference no: EM131807652

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