Question: lePlease explain how you got all the numbers (including theformulas). A physical inventory of Liverpool Company taken at December 31 reveals the following. Required: 1.

lePlease explain how you got all the numbers (including theformulas). A physical inventory of Liverpool Company taken at December 31 reveals the following. Required: 1. Compute the lower of cost or market for the inventory applied separately to each item. 2. If the mark 2 answers

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