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Business, 15.07.2021 23:00 sierravick123owr441

Brooks Company carries three inventory items. The following information pertains to the ending inventory: Unit Unit Item Quantity Cost Market Value A 120 $ 60 $ 55 F 170 80 75 K 110 30 40 Required a. Determine the ending inventory that Brooks will report on the balance sheet, assuming that it applies the lower-of-cost-or-market rule to individual inventory items.

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