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A company reported the following data related to its ending inventory:

Product Units Available Cost Market

849 100 $10 $11

842 75 16 14

847 60 14 13

860 40 16 20

Calculate the lower-of-cost-or-market on the: (a) Inventory as a whole and (b) inventory applied separately to each product.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92046809

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