Brief Exercise $9-3($Algo$)$ Lower of cost or market $[$LO$9-1]$

A$1$ Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $$29$; replacement cost, $$27$; selling price, $$39$; selling costs, $$6.$ The normal profit is $40\%$ of selling price.

What unit value should A$1$ use when applying the lower of cost or market $($LCM$)$ rule to ending inventory?

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Unit value

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