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Assume in each case that the selling expenses are $9 per unit and that the normal profit is $6 per unit. Calculate the limits for
Assume in each case that the selling expenses are $9 per unit and that the normal profit is $6 per unit. Calculate the limits for each case. Then enter the amount that should be used for lower of cost or market. Selling Replacement Price Upper Limit Lower Limit $58 Cost Cost LCM $44 S51 $ (b) 45 37 43 (c) 55 41 42 (d) 52 40 38
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