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REFERENCE: Ref.10_07 The Following Inventory Balances for 2008 in Local Currency Units

Question 48

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REFERENCE: Ref.10_07
The following inventory balances for 2008 in local currency units (LCU) are given:
SHAPE \* MERGEFORMAT
REFERENCE: Ref.10_07 The following inventory balances for 2008 in local currency units (LCU) are given: SHAPE \* MERGEFORMAT -Compute the December 31,2008,inventory balance using the lower of cost or market method under the temporal method. A) $429,000. B) $457,600. C) $596,000. D) $568,000. E) $473,600.
-Compute the December 31,2008,inventory balance using the lower of cost or market method under the temporal method.


A) $429,000.
B) $457,600.
C) $596,000.
D) $568,000.
E) $473,600.

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