Question: Refer to Exercise E8.7 in your text. Load the problem information into an Excel spreadsheet and use it to determine the total inventory at LCM.

Refer to Exercise E8.7 in your text. Load the problem information into an Excel spreadsheet and use it to determine the total inventory at LCM. Suggestion: Use a MEDIAN function to determine the designated market value and a MIN function to choose lower-of-cost-or-market.

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