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Information related to two products of AMC Corporation follows. Compute the inventory values reported in the balance sheet for Products A and B under the

Information related to two products of AMC Corporation follows. Compute the inventory values reported in the balance sheet for Products A and B under the lower-of-cost-or-market rule.

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Product A Product B $30 Estimated selling price Original cost (LIFO) Replacement cost Cost of disposal Gross margin ART Product A inventory value $ Product B inventory value $

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