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Given the historical cost of product Dominoe is $26, the selling price of product Dominoe is $30, costs to sell product Dominoe are $5, the

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Given the historical cost of product Dominoe is $26, the selling price of product Dominoe is $30, costs to sell product Dominoe are $5, the replacement cost for product Dominoe is $20, 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- net realizable value method? $25 $26 $20 $19

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