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TiCo has 1,000 units of merchandise on hand at year end. Each unit cost $32 and has a replacement cost of $29. Assume that the

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TiCo has 1,000 units of merchandise on hand at year end. Each unit cost $32 and has a replacement cost of $29. Assume that the ceiling for each unit is $33 and the floor is $27. What per unit amount will Demo use for ending inventory on its balance sheet? $27 $29 $32 $33

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