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E6-10 Fenton Company applied FIFO

Price: $1.99


E6-10 Fenton Company applied FIFO to its inventory and got the following results for its
ending inventory.



The cost of purchasing units at year-end was cameras $70, DVD players $69, and
iPods $78.

Instructions
Determine the amount of ending inventory at lower-of-cost-or-market.

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