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Cullumber Inc has the following information related to an item in its ending inventory. Acer Top has a cost of $30, a replacement cost of
Cullumber Inc has the following information related to an item in its ending inventory. Acer Top has a cost of $30, a replacement cost of $27, a net realizable value of $31, and a normal profit margin of $3. What is the final-lower of cost or market inventory value for Acer Top?
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Accounting What The Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
8th Edition
0073379417, 978-0073379418
