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Tailgators' Inc. had an ending inventory of hammocks that cost $3,750. The hammocks had a replacement cost of $3,450, a net realizable value of $4,0705,

Tailgators' Inc. had an ending inventory of hammocks that cost $3,750. The hammocks had a replacement cost of $3,450, a net realizable value of $4,0705, and a normal profit margin of $450. What is the final lower-of-cost-or-market inventory value for Tailgators' hammocks?

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