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Determine the value of the inventory

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Question - Lower-of-Cost-or-Market Method - On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item.

Item

Inventory Quantity

Cost per Unit

Market Value per Unit
(Net Realizable Value)

JFW1

6,330

$10

$11

SAW9

1,140

36

34

Reference no: EM133107934

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