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If the cost of an item of inventory is $51.00 and the current replacement cost is $70.00, what is the amount included in inventory according

If the cost of an item of inventory is $51.00 and the current replacement cost is $70.00, what is the amount included in inventory according to the lower of cost or market?

Select the correct answer.

$51.00
$70.00
$19.00
$121.00

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