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A1 Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $21 replacement cost, $19 selling price, $31 selling
A1 Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $21 replacement cost, $19 selling price, $31 selling costs, $7. The normal profit is 35% of selling price. What unit value should A1 use when applying the lower of cost or market (LCM) rule to ending inventory
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