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Calculate the value of this companys inventory at the lower

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A company's normal selling price for its product is $30 per unit. However, due to market competition, the selling price has fallen to $25 per unit. This company's current FIFO inventory consists of 100 units purchased at $26 per unit.

Net realizable value has fallen to $23 per unit. Calculate the value of this company's inventory at the lower of cost or market.

Reference no: EM132316085

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