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Crane Inc. has selected specific identification as its inventory costing method. At December 3 1 , 2 0 2 5 , it has the following

Crane Inc. has selected specific identification as its inventory costing method. At December 31,2025, it has the following information for its finished goods:
Replacement value
Cost
Expected selling price
Normal profit margin
Selling costs
$5330
$3280
$4920
10%
20% of expected selling price

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