Question: Please help me solve this equation and explain how to Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory

Please help me solve this equation and explain how to

Please help me solve this equation and explain how to Lower-of-Cost-or-Market Method

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 9. Market Value per Unit Cost per Unit (Net Realizable Value) Item Inventory Quantity JFW1 58 $56 $52 SAW9 115 29 31

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