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If the cost of an item of inventory is $54.00 and the current replacement cost is $66.00, and the sales price is $85.00, what is
If the cost of an item of inventory is $54.00 and the current replacement cost is $66.00, and the sales price is $85.00, what is the amount included in inventory according to the lower of cost or market? Select the correct answer. a. $12.00 b. $66.00 c. $54.00 d. $120.00 Previous Nexplity All work saved. Email Instructor Submit Test for Grading
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