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12 13 14 Question z 15 16 17 18 19 20 Data for Product #2 Historical cost $ 16 $ 15 $ 18 Replacement cost

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12 13 14 Question z 15 16 17 18 19 20 Data for Product #2 Historical cost $ 16 $ 15 $ 18 Replacement cost Net Realizable Value Net Realizable Value - Normal Profit Estimated selling price Normal profit margin (% of selling price) $ 14 $ 21 20% WHICH OF THE FOLLOWING STATEMENTS IS/ARE CORRECT? SELECT ALL CORRECT ANSWERS! Incorrect choices are penalized. The designated market for this product is $15. The designated market for this product is $16. The designated market for this product is $18. The designated market for this product is $14. The correct Inventory value for this product using LCM is $15. The correct Inventory value for this product using LCM is $16. The correct Inventory value for this product using LCM is $18. The correct Inventory value for this product using LCM is $14

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