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Given the acquisition cost of product A is $22, the net realizable value for product A is $19, the normal profit for product A is
Given the acquisition cost of product A is $22, the net realizable value for product A is $19, the normal profit for product A is $1, and the replacement cost for product A is $17, what is the proper per unit inventory value for product A applying the lower of cost or market method?
Group of answer choices
$22
$17
$18
$19
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