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Stiles Corporation uses the LIFO cost flow assumption and is in the process of applying the LCM rule for each of two products in its

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Stiles Corporation uses the LIFO cost flow assumption and is in the process of applying the LCM rule for each of two products in its ending inventory. A profit margin of 30% on the selling price is considered normal for each product. Specific data for each product are as follows: Required: 1. What is the correct inventory value for each product? \begin{tabular}{ll|l} Product A & $ & X per unit \\ Product B & $ & per unit \end{tabular}

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