Examlex
On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item. Show your work.
Alcohol-based Gel
A hand sanitizing formulation containing alcohol, used to kill germs and bacteria on the skin.
Clostridium Difficile
A bacterium that can cause symptoms ranging from diarrhea to life-threatening inflammation of the colon, often following antibiotic use.
Soap and Water
A basic hygiene practice involving the use of soap and water for cleaning to reduce or eliminate germs, dirt, and harmful substances from surfaces or skin.
N95 Respirator
A protective mask that fits closely over the nose and mouth and filters out at least 95% of airborne particles, including viruses and bacteria.
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