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Determine the value of the companys inventory under the

Tracy Company sells three different types of home heating stoves (wood, gas, and pellet). The cost and market value of its inventory of stoves are as follows.

	Cost	Market
Gas	$ 84,000	$ 79,000
Wood	250,000	280,000
Pellet	112,000	101,000

Determine the value of the company's inventory under the lower-of-cost-ormarket approach.

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Financial Accounting: Determine the value of the companys inventory under the

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Financial Accounting: Determine the value of the companys inventory under the

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