On the basis of the following data, determine the value of the inventory at the lower of
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On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9.
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Inventory Market Value per Unit Cost per Unit(Net Realizable Value) Product Adams Coolidge McKinley Garfiel Lincoln $125 112 59 115 145 $140 100) 375 220 900 626 60 120 140
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