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Applying the Lower of Cost or Market to Each Item

Question 89

Multiple Choice

Applying the lower of cost or market to each item of inventory, what should the total inventory value be for the following items? Applying the lower of cost or market to each item of inventory, what should the total inventory value be for the following items? A) $8,850 B) $9,000 C) $9,100 D) $9,250


A) $8,850
B) $9,000
C) $9,100
D) $9,250

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