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Determine total lower of cost or market value for inventory

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Reference no: EM131969787

Question - A business has the following ending merchandise inventory data at the end of January:

Units Unit Cost Unit Market Value

Gloves 10 $10 $11

Hats 20 $8 $9

Boots 5 $28 $20

Determine the total lower of cost or market value for inventory applied by item.

Reference no: EM131969787

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