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Kitchen Appliances has a product in it's ending inventory that management worries is overvalued. Per unit data consist of the following: cost, $31 replacement cost,

Kitchen Appliances has a product in it's ending inventory that management worries is overvalued.

Per unit data consist of the following: cost, $31 replacement cost, $29 selling price, $41 selling costs, $4. The normal profit margin is 35% of selling price. What unit value should Kitchen Appliances use when applying the lower of cost or market rule to this product?

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