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Stockholm Co. accounts for its inventory using the last-in, first-out (LIFO) method. The data below concern items in Stockholm Co.s inventory. Per Unit Gear Stuff
Stockholm Co. accounts for its inventory using the last-in, first-out (LIFO) method. The data below concern items in Stockholm Co.s inventory.
Per Unit | Gear | Stuff | Wickets |
Historical cost | $190.00 | $106.00 | $53.00 |
Selling price | 217.00 | 145.00 | 73.75 |
Cost to complete and sell | 19.00 | 8.00 | 2.50 |
Current replacement cost | 203.00 | 105.00 | 51.00 |
Normal profit margin | 32.00 | 29.00 | 21.25 |
The cost amount that Stockholm Co. should use in the lower-of-cost-or-market (LCM) comparison of stuff is
Group of answer choices
$105
$108
$106
$137
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