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If the value of a unit of inventory has declined below its original cost, but the replacement cost exceeds net realizable value, the amount to

If the value of a unit of inventory has declined below its original cost, but the replacement cost exceeds net realizable value, the amount to be used for purposes of inventory valuation is A. net realizable value. B. net realizable value less a normal profit margin. C. replacement cost. D. original cost.

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