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If the cost of an item of inventory is $52.00 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 $52.00 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. $70.00 $18.00 $52.00 $122.00

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