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Business, 15.04.2020 02:43 tiffanibell71

The Company uses lower-of-cost-or-market approach. The replacement cost of an inventory item is $75. Net realizable value is $82.50. Net realizable value less a normal profit margin is $69. The cost of the item is $76.50. The inventory item would be valued at:

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The Company uses lower-of-cost-or-market approach. The replacement cost of an inventory item is $75....
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