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I need an answer please? Given the historical cost of product Z is $41, the selling price of product Z is $46, costs to sell

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Given the historical cost of product Z is $41, the selling price of product Z is $46, costs to sell product Z are $4, the replacement cost for product Z is $42, and the normal profit margin is 40% of sales price, what is the amount that should be used to value the inventory under the lower-of-cost-or-market method? $42. $41. $42. $38 Given the historical cost of product Z is $41, the selling price of product Z is $46, costs to sell product Z are $4, the replacement cost for product Z is $42, and the normal profit margin is 40% of sales price, what is the amount that should be used to value the inventory under the lower-of-cost-or-market method? $42. $41. $42. $38

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