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QUESTION 22 Given the acquisition cost of product Dominoe is $20, the net realizable value for product Dominoe is $17, the normal profit for product

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QUESTION 22 Given the acquisition cost of product Dominoe is $20, the net realizable value for product Dominoe is $17, the normal profit for product Dominoe is S2, and the market value (replacement cost) for product Dominoe is $14, what is the proper per unit inventory price for product Domine applying LCM? 15 06.14 c. 20 .17 QUESTION 23 During 2017, Kim Coincurred weighted average accumulated expenditures of $1,800,000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2017 was a $2,000,000, 12%, 5-year note payable dated January 1, 2017. What is the amount of interest that should be capitalized by Kim during 2017? 0 $216,000 180,000 $196,000 $160,000 QUESTION 24 Hannah Corporation acquired two inventory items at a lumpsum cost of $125000. The acquisition included 3150 units of product Ll, and 6300 units of product MI. Li normally sells for $30 per unit, and MI for SIO per itir Hannah sell 1050 units of Li, what amount of gross profit should it recognize? 56500 53611 c52167. 531500

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