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Question 10 of 20 - /0.4 E View Policies Current Attempt in Progress Given the historical cost of product Zis $35, the selling price of
Question 10 of 20 - /0.4 E View Policies Current Attempt in Progress Given the historical cost of product Zis $35, the selling price of product Z is $40, costs to sell product Z are $4, the replacement cost for product Z is $36, and the normal profit margin is 40% of sales price, what is the amount that should be used to value the inventory under the lower-of-cost-or-market method? $36. $32. $36. O $35
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