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Determine the value of the companys inventory

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Reference no: EM13531804

Bardell Company sells three different categories of tools (small, medium and large). The cost and market value of its inventory of tools are as follows. Small Cost Market Medium $64,000 $61,000 Large 290,000 260,000 152,000 167,000 Determine the value of the company"s inventory under the lower-of-cost-or-market approach.

Reference no: EM13531804

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