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There are three different products in inventory as of Dec 31, 2007 - costs and current market values are:
There are three different products in inventory as of Dec 31, 2007 - costs and current market values are:
ITEM COST MARKET
A $5000 $5,500
B 15,000 14,750
C 12,500 12,875
If each product is priced at the lower-or-cost-or market, the inventory is _______________????
If the total is priced at the lower of cost or market, the inventory is $ ________________????
