Home Homework Help On the basis of the following data, determine the value of the
Homework Help

On the basis of the following data, determine the value of the

On the basis of the following data, determine the value of the inventory at the lower of cost or market. 

 

Commodity               Inventory quantity             Unit Cost Price      Unit Market Price

Buffal                                35                              $115                          $120                 

Dakota                               67                               90                               75                       

Frontier                               8                              300                             280                 

Midwest                            83                                40                               30                          

Rainbow                           100                               90                               94                         

 

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