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Given the acquisition cost of product Z is $24, the net realizable value for product Z is $18, the normal profit for product Z is
Given the acquisition cost of product Z is $24, the net realizable value for product Z is $18, the normal profit for product Z is $1, and the market value (replacement cost) for product Z is $19, what is the proper per unit inventory value for product Z applying LCM?
$17.
$18.
$24.
$19.
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