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Given the historical cost of product Dominoe is $14, the selling price of product Dominoe is $15, costs to dispose of product Dominoe are $2,

Given the historical cost of product Dominoe is $14, the selling price of product Dominoe is $15, costs to dispose of product Dominoe are $2, the replacement cost for product Dominoe is $11, 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-NRV comparison? Select one: A. $13 B. $11 C. $12 D. $10 Next page Previous page tv

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