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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 $27, 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 $27, replacement cost, $25, sejling price $37, selling costs. 88. The normal profit margin is 40% of selling price What unit value should Kitchen Appliances use when applying the lower of cost or market rule to this product? Unit value
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