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Business, 04.03.2020 00:26 ira51

The following information pertains to one item of inventory of the Simon Company: Per unit Cost $ 200, Replacement cost 170, Selling price 190, Disposal costs 10, Normal profit margin 30. Using the lower of cost or market method, this item should be valued at:.A. $150.
B. $200.
C. $170.
D. $190.

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The following information pertains to one item of inventory of the Simon Company: Per unit Cost $ 20...
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