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Chandler Electronics has one product in its ending inventory. Per unit data consists of the following: Cost, $10; Replacement cost, $8; Selling price, $14; Selling

Chandler Electronics has one product in its ending inventory. Per unit data consists of the following: Cost, $10; Replacement cost, $8; Selling price, $14; Selling costs, 10% of Selling Price; Normal profit margin: 20% of selling price. What unit cost should Chandler use when applying the lower of cost or market (LCM) rule to ending inventory? 12pt v Paragraph v B

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