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Multiple Choice Question 68 Blossom Corporation has two products nits endino inventory each accounted for at the lower of cost or market. A profit margin

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Multiple Choice Question 68 Blossom Corporation has two products nits endino inventory each accounted for at the lower of cost or market. A profit margin o normal for each product. Specific data with respect to each product follows: 30% on selling price is considered Product #1 $8 12 Product 2 $16 15 Historical cost Replacement cost Estimated cost to dispose Estimated selling price 19 In pricing its ending inventory using the lower-of-cost-or-market, what unit values should Blossom use for products #1 and a2, respectively? O $11 and $ 17 O $18 and $26 O $12 and $ 15. O $ 8 and $16.0

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