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The following chart represents plates for sale at WalMart by type, determine the LCM. Historical Cost Floor Replacment Cost Ceiling Market LCM Paper $ 0.10
| The following chart represents plates for sale at WalMart by type, determine the LCM.
| ||||||||
| Historical Cost | Floor | Replacment Cost | Ceiling | Market | LCM | |||
| Paper | $ 0.10 | $ 0.05 | $ 0.15 | $ 0.20 | $ 0.30 | |||
| Plastic | $ 1.12 | $ 1.00 | $ 1.00 | $ 1.25 | $ 0.96 | |||
| Glass | $ 2.54 | $ 2.12 | $ 2.25 | $ 3.00 | $ 2.34 | |||
| Fancy China | $ 3.00 | $ 3.25 | $ 3.00 | $ 4.99 | $ 5.00 | |||
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
