Basic inventory data for April 30 are presented below for a business that employs the lower-of-cost-or-market basis of inventory valuation to each category. 
(a)Complete the table.(b)Determine the amount of reduction in the inventory at April 30 attributable to market decline.
Definitions:
Integrative Negotiations
A negotiation strategy focused on creating mutually beneficial agreements by maximizing value for all parties involved.
Labor Relations
A study and practice focused on managing relationships between employers and employees, often involving unions.
Supportive Culture
Supportive culture refers to an organizational environment that fosters collaboration, respect, and empowerment among its members, enhancing performance and satisfaction.
Integrative Negotiations
A negotiation strategy where parties collaborate to find a win-win solution that satisfies the interests of all parties involved.
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