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Determine the value of the inventory at the lower of cost

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Question - Lower of Cost or Market Method

On the basis of the data shown below:

Item

Inventory Quantity

Cost per Unit

Market Value per Unit (Net Realizable Value)

MX62

108

$32

$27

VZ31

216

17

19

Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item.

Reference no: EM132425621

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