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ivanhoe inc. has the following information for its finished goods at December 3,2025: Replacement value $7310 cost $6020 normal profit margin 10% selling costs 20%
ivanhoe inc. has the following information for its finished goods at December 3,2025:
Replacement value $7310
cost $6020
normal profit margin 10%
selling costs 20% of estimated selling price
Ivanhoe's values its inventory using the lower-of-cost or net-realizable value, which is $3440. what is the expected selling price using in making this determination?
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