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Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory at...

Lower-of-Cost-or-Market Method

On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 9.

Item Inventory Quantity Cost per Unit Market Value per Unit
(Net Realizable Value)
JFW1 82 $32 $28
SAW9 167 16 18

$

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