Question: Merchandise inventory on the Balance Sheet Based on the data below, how would the merchandise imventory appear on the balance sheet, assuming that khe lower

Merchandise inventory on the Balance Sheet Based on the data below,

Merchandise inventory on the Balance Sheet Based on the data below, how would the merchandise imventory appear on the balance sheet, assuming that khe lower of cost or market is used and the cost is determined by the FIFO method? Total cost; 574,300 Total market: 572,900 Lower of cost or market: $70,400 The merchandise inventory would appear in the section, as fallows

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