Tillman Company values its inventory, shown below, at the lower of cost or market. Compute Tillman's inventory
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Question:
Tillman Company values its inventory, shown below, at the lower of cost or market.
Compute Tillman's inventory value using the itembyitem method and the major
category method.
Per Unit
Market
Cost
Quantity
$
CategoryI
$
Item aa
Item cC
Category II
Item ee
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