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a) $16 and $17 b) $10 and $16 c) $16 and $20 d) $10 and $20 Sandhill Corporation has two products in its ending inventory,
a) $16 and $17
b) $10 and $16
c) $16 and $20
d) $10 and $20
Sandhill Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 25% on selling price is considered normal for each product. Specific data with respect to each product follows: In pricing its ending inventory using the lower-of-cost-or-market, what unit values, rounded to the nearest dollar, should Sandhill use for products #1 and #2, respectivelyStep by Step Solution
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