Start reading the chapter and start with a pretty easy question.

Determine the proper unit inventory price in the following independent cases by applying the lower of cost or market rule.Circle your choice.

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Cost$7.80$10.50$11.80$6.00$7.20

Net realizable value8.8510.0012.204.256.90

Net realizable value less normal profit8.159.0011.403.756.50

Market replacement cost7.9010.1012.504.005.40