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 illustrateed in exhibit 7. COMMODITY INVENTORY Q
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 illustrateed in exhibit 7.
COMMODITY INVENTORY QUANITIY UNIT COST OF PRICE UNIT MARKET PRICE
62CF3 10 $120 $131
41DH2 35 80 75
O3MQ3 10 275 260
23FH6 16 40 28
10KT 40 90 94
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