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

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

Reference no: EM132537505

Reference no: EM132537505

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