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Given the historical cost of product Dominoe is $61, the selling price of product Dominoe is $64, costs to sell product Dominoe are $2, the

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Given the historical cost of product Dominoe is $61, the selling price of product Dominoe is $64, costs to sell product Dominoe are $2, the replacement cost for product Dominoe is $61, and the normal profit margin is 25% of sales price, what is the cost amount that should be used in the lower-of-cost-or-market comparison? $61. O $62. $61. $46

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