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A company normally sells its products for R20 per unit, which includes a profit margin of 25%. However, the selling price has fallen to R15
A company normally sells its products for R20 per unit, which includes a profit margin of 25%. However, the selling price has fallen to R15 per unit. This company's current inventory consists of 200 units purchased at R16 per unit. Replacement cost has now fallen to R13 per unit. Calculate the value of inventory at the lower of cost or market. O A. R2,700. O B. R3,000. O C. R2,600. O D. R2,550
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