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 Exhibit9.
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Unit Cost Price Unit Market Price Commodity Inventory Quantity Aquarius Capricorn $ 92 65 S 80 20 50 70 300 40 90 280 30 94 Leo Scorpio Taurus 30 100
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