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68.Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on
68.Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal Product #1 Product #2 14 for each product. Specific data with respect to each product follows: Historical cost $10 $ 18 0 Replacement cost Estimated cost to dispose Estimated selling price 20 In pricing its ending inventory using the lower-of-cost-or-market, what unit values, rounded to the nearest dollar, should Oslo use for products #1 and #2, respectively
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