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Ivanhoe Company sells product 2 0 0 5 WSC for ( $ 5 0 ) per unit and uses the LIFO method.
Ivanhoe Company sells product WSC for $ per unit and uses the LIFO method. The cost of one unit of WSC is $ and the replacement cost is $ The estimated cost to dispose of a unit is $ and the normal profit is of the selling price. At what amount per unit should product WSC be reported, applying lowerofcostormarket?
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