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74. Given the historical cost of product Z is $20, the selling price of product Z is $25, costs to sell product Z are $3,

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74. Given the historical cost of product Z is $20, the selling price of product Z is $25, costs to sell product Z are $3, the replacement cost for product Z is $21, and the normal profit margin is 40% of sales price, what is the market value that should be used in the lower-of-cost-or-market comparison? a. $18. b. $20. c. $21. d. $22

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