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1. (L.O. 2) You are given the following information regarding four inventory items: Inventory Items 42 A > Cost $62 $41 Replacement cost 48 Net
1. (L.O. 2) You are given the following information regarding four inventory items: Inventory Items 42 A > Cost $62 $41 Replacement cost 48 Net realizable value Normal profit margin Instructions: In the space provided, indicate the inventory value for each item in accordance with the lower- of-cost-or-market rule. A
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