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Which of the following amounts would be reported as Merchandise Inventory on the balance sheet of a company if the cost of an item is

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Which of the following amounts would be reported as Merchandise Inventory on the balance sheet of a company if the cost of an item is $120 and the current replacement cost is $110? ... O A. $230 OB. $120 OC. The average of $110 and $120 OD. $110

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