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Sheridan Company uses LIFO and a perpetual inventory system for its leading product, Z. Given the acquisition cost of product Z is $39, the

Sheridan Company uses LIFO and a perpetual inventory system for its leading product, Z. Given the acquisition cost of product Z is $39, the net realizable value for product Z is $34, the normal profit for product Z is $1, and the market value (replacement cost) for product Z is $35, what is the proper per unit inventory value for product Z applying LCM? $33. O $34. $39. $35.

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