The lower-of-cost-or-market inventory procedure would be expected to result in the lowest inventory valuation when applied to

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The lower-of-cost-or-market inventory procedure considers the cost of individual inventory items and compares it to their market value. Therefore, it would result in the lowest inventory valuation when applied to individual inventory items rather than groups of similar items or total inventory.

The Lower-Of-Cost-Or-Market Inventory Procedure Would Be Expected to Result in the Lowest