Question: Lower - of - cost - or - market method On the basis of the following data, determine the value of the inventory at the

Lower-of-cost-or-market method
On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10.
Commodity Inventory
Quantity Cost per
Unit Market Value per Unit
(Net Realizable Value)
JFW1111 $37 $35
SAW92161921

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