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Data related to the inventories of Alibaba Equipment and Supplies is presented below:Selling price $50,000Cost $40,000 Sales commission 5%ln applying the LCM rule, the inventory

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Data related to the inventories of Alibaba Equipment and Supplies is presented below:Selling price $50,000Cost $40,000 Sales commission 5%ln applying the LCM rule, the inventory would be valued at: Select one: O A. $47,500 B. $40,000 C. Cannot be determined. O D. $50,000

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