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Given the historical cost of product Carla Vista is $13, the selling price of product Carla Vista is $15, costs to sell product Carla

Given the historical cost of product Carla Vista is $13, the selling price of product Carla Vista is $15, costs to sell product Carla Vista are $3, the replacement cost for product Carla Vista is $14, and the normal profit margin is 20% of sales price, what is the cost amount that should be used in the lower-of-cost-or-market comparison?

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