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Determine the lower of cost or market for items A and B using the information below: ItemCostReplacement costEstimated sales priceselling costnormal profit A11.0011.40 16.001.803.00 B18.0017.00

Determine the lower of cost or market for items A and B using the information below:

ItemCostReplacement costEstimated sales priceselling costnormal profit

A11.0011.40 16.001.803.00

B18.0017.00 18.001.60 2.00

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