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Given the historical cost of product Dominoe is $20, the selling price of product Dominoe is $25, costs to sell product Dominoe are $2, the

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Given the historical cost of product Dominoe is $20, the selling price of product Dominoe is $25, costs to sell product Dominoe are $2, the replacement cost for product Domince is $19, and the normal profit margin is 20% of sales price, what is the amount that should be used to value the inventory under the lower-of-cost-or-market method? $20. $18. $19. $23

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