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What is the lower-of-cost-or-market of the inventory

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Question - The Footage Company accumulates the following cost and market value data at April 30, 2020.

Market

Inventory Categories

Cost Data

Value Data

Phones

AED 22,000

AED 19,800

GoPro's

15,600

17,000

TVs

28,000

24,000

Required - What is the lower-of-cost-or-market of the inventory?

Reference no: EM132537505

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