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if the cost of an item of inventory is $55, the current replacement cost is $50, and the selling price is $95, the amount included
if the cost of an item of inventory is $55, the current replacement cost is $50, and the selling price is $95, the amount included in inventory according to the lower of cost or market concept is
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Managerial Accounting
Authors: Carl Warren
14th Edition
1337516147, 978-1337270595
