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Given the historical cost of product Z is $40, the selling price of product Z is $50, costs to sell product Z are $6, the

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Given the historical cost of product Z is $40, the selling price of product Z is $50, costs to sell product Z are $6, the replacement cost for product Z is $41, and the normal profit margin is 40% of sales price. What is the cost amount that should be used in the lower-of cost-or-market? $40 O $42 $41 $22

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