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Please show an explanation for how you caculated the answers Presented below is data relative to the 12/31/14 inventory of Lance Company: Selling price is

Please show an explanation for how you caculated the answers

Presented below is data relative to the 12/31/14 inventory of Lance Company: Selling price is $2.00/unit for all items. Disposal costs amount to 10% of selling price and a "normal" profit is 35% of selling price. Instructions Complete the last four columns above

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