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Robust Inc. has the following information related to an item in its ending inventory. Product 66 has a cost of $162, a replacement cost of
Robust Inc. has the following information related to an item in its ending inventory. Product 66 has a cost of $162, a replacement cost of $155, a net realizable value of $160, and a normal profit margin of $10. What is the final lower-of-cost-or-market inventory value for product 66?
$160. |
| $152. |
| $162. |
| $155. |
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