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.
Definitions:
Civil Rights
The rights of citizens to political and social freedom and equality.
Voting Materials
Items and documents used in the electoral process, including ballots, voting machines, and voter registration forms.
Inflation
A general increase in prices and fall in the purchasing value of money, typically measured by the inflation rate.
Sub-Saharan Africa
The area of the African continent which lies south of the Sahara Desert, characterized by diverse cultures, languages, and ecosystems.
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