Question: Basic inventory data for April 30 are presented below for a business that employs the lower of cost or market basis of inventory valuation. Do

Basic inventory data for April 30 are presented below for a business that employs the lower of cost or market basis of inventory valuation. Do not use dollar signs ($) or decimals (.) in your answers. (a) Complete the table. (b) Determine the amount of reduction in the inventory at April 30 attributable to market decline

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