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Given the historical cost of product Z is $38, the selling price of product Z is $43, costs to sell product Z are $3, the

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Given the historical cost of product Z is $38, the selling price of product Z is $43, costs to sell product Z are $3, the replacement cost for product Z is $39, and the normal profit margin is 40% of sales price, what is the market value that should be used in the lower-of- cost-or-market comparison? O $40. O $39. $38. $36

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