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Data related to the inventories of Minerva McGonagall's Quidditch Shoppe are presented below: Selling price Cost Replacement cost Costs to sell Normal gross profit ratio

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Data related to the inventories of Minerva McGonagall's Quidditch Shoppe are presented below: Selling price Cost Replacement cost Costs to sell Normal gross profit ratio Broooms $165 135 125 14 30% In applying the lower of cost or market rule, what should the brooms be valued at? Numeric Response

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