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What is the value of the taxpayer inventory

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Problem - The taxpayer's ending inventory is valued as follows. Under the lower of cost or market method, what is the value of the taxpayer's inventory?

Item

Cost

Market

Rakes

$8,100

$7,900

Shovels

$3,800

$4,300

Hoes

$6000

$6250

Reference no: EM132672243

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