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If Product Z cost $81 and Selling price of Z is $97 Normal profit margin is 20% of sales price Costs to sell a unit
If Product Z cost $81
and Selling price of Z is $97
Normal profit margin is 20% of sales price
Costs to sell a unit of product Z = $12
Replacement cost is $85
What is the amount that should be used to value the inventory under the lower-of-cost-or-market method??
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