Business, 08.07.2020 01:01 andesmints5341
On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9.
InventoryItem InventoryQuantity Cost perUnit Market Value per Unit
(Net Realizable Value)
Birch 12 $253 $228
Cypress 18 43 48
Mountain Ash 12 279 262
Spruce 50 275 266
Willow 29 291 299
Inventory at the Lower of Cost or Market
Inventory Item Total Cost Total Market Total Lower of C or M
Birch $ $ $
Cypress
Mountain Ash
Spruce
Willow
Total $ $ $
Answers: 1
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On the basis of the following data, determine the value of the inventory at the lower of cost or mar...
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