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Whitman Corporation Sells Six Different Products

Question 48

Multiple Choice

Whitman Corporation sells six different products. The following information is available on December 31: Whitman Corporation sells six different products. The following information is available on December 31: When applying the lower of cost or market rule to each item, what will Whitman's total ending inventory balance be? A) $173,000 B) $166,200 C) $166,550 D) $166,400 When applying the lower of cost or market rule to each item, what will Whitman's total ending inventory balance be?


A) $173,000
B) $166,200
C) $166,550
D) $166,400

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