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Question 26 of 31 -/1 = View Policies Current Attempt in Progress Crane Company sells product 1976NLC for $30 per unit. The cost of one

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Question 26 of 31 -/1 = View Policies Current Attempt in Progress Crane Company sells product 1976NLC for $30 per unit. The cost of one unit of 1976NLC is $27, and the replacement cost is $26. The estimated cost to dispose of a unit is $4, and the normal profit is 20% of selling price. At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market? $26. $20. $27. O $26. Save for Later Attempts: 0 of 1 used Submit

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