Applying the lower of cost or market to each item of inventory, what should the total inventory value be for the following items?

Name: Applying the lower of cost or market to each item of inventory, what should the total inventory value be for the following items?
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Question

Applying the lower of cost or market to each item of inventory, what should the total inventory value be for the following items?  ​

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The Answer of Applying the lower of cost or market to each item of inventory, what should the total inventory value be for the following items?  ​

Applying the Lower of Cost or Market to Each Item