Given the acquisition cost of product Z is $64, the net realizable value for product Z is $58, the normal profit for product Zis $5, and the market value (replacement cost) for product Z is $60, what is the proper per unit inventory price for product Zif using lower of cost or market (LCM) method? $58. $53. $64. O $60. home $ 9 1 6. 5. 4 3 2 7 home U R. Y T E W ab enter K Turner Corporation acquired two inventory items at a lump-sum cost of $80,000. The acquisition included 3,000 units of product LF, and 7,000 units of product 1B.LF normally sells for $24 per unit, and 1B for $8 per unit. If Turner sells 1,000 unit LF, what amount of gross profit should it recognize? $19,000. $3.000 $9,000. $16.000 end co esc 2 8. % $ backspace ( 6 9 7 4 2 3 D U 7 home W Q R E tab 4 K