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Determine the Statement of Financial Position inventory carrying value for Products A, B, and C assuming that Memphis Wholesale Market prepares its financial statements according

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Determine the Statement of Financial Position inventory carrying value for Products A, B, and C assuming that Memphis Wholesale Market prepares its financial statements according to US GAAP. Product A Product B Product C Selling price $100 $125 $80 Cost 75 80 Replacement cost 70 50 Disposal cost 20 8 Normal profit margin 30% 20% 20% 70 60 15 Determine the Statement of Financial Position inventory carrying value for Product A

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