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14. COBA Inc. has one product in its ending inventory. Specific per unit data at the end of the year is provided below. Cost $90

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14. COBA Inc. has one product in its ending inventory. Specific per unit data at the end of the year is provided below. Cost $90 Selling price $120 Replacement cost $85 Selling cost $45 Normal profit margin $30 What unit value should COBA use when applying the lower of cost or market (LCM) rule to ending inventory? A. $120 B. $90 C. $85 D. $75 E. $45

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