This is a very nice paper and reads very well. Thank you for another job well done!
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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