Question: Exercise 18-36 (Algorithmic) (LO. 6) The taxpayer's ending inventory is valued as follows: Item Cost Market Rakes $11,800 $11,210 Shovels 5,310 5,900 Hoes 8,850 9,440

Exercise 18-36 (Algorithmic) (LO. 6) The taxpayer's ending inventory is valued

Exercise 18-36 (Algorithmic) (LO. 6) The taxpayer's ending inventory is valued as follows: Item Cost Market Rakes $11,800 $11,210 Shovels 5,310 5,900 Hoes 8,850 9,440 Under the lower of cost or market method, what is the value of the taxpayer's inventory

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