On the basis of the following data determine the value of

Reference no: EM13390814

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit.

Commodity	Inventory Quantity	Unit Cost Price	Unit Market Price
Buffal	35	$115	$120
Dakota	67	90	75
Frontier	8	300	280
Midwest	83	40	30
Rainbow	100	90	94

Reference no: EM13390814

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