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Carla Vista Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30%
Carla Vista Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% 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 Carla Vista use for products 1 and 82 , respectively? $15 and $17 $8 and $15. $15 and $16. $8 and $17
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