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In the lower-of-cost-or-market rule, market cannot exceed the estimated selling price in the ordinary course of business which is the reasonably predictable costs of completion

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In the lower-of-cost-or-market rule, "market" cannot exceed the estimated selling price in the ordinary course of business which is the reasonably predictable costs of completion and disposal reasonably predictable costs reserve for future losses reasonably predictable costs of completion and disposal + an allowance for a normal profit margin + reserve for future losses reasonably predictable costs of completion and disposal +an allowance for a normal profit margin

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