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3. Mohammad Company sells product WC for $20 per unit. The cost of one unit of WSC is $18, and the replacement cost is $17.

image text in transcribed 3. Mohammad Company sells product WC for $20 per unit. The cost of one unit of WSC is $18, and the replacement cost is $17. The estimated cost to dispose of a unit is $4, and the normal profit is 40% of sales. At what amount should product WC be reported per unit, applying lower-of-cost-or-NRV

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