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13 Given the historical cost of product...

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Accounting

13
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Given the historical cost of product Dominoe is $22, the selling price of product Dominoe is $25, costs to sell product Dominoe are $2, the replacement cost for product Dominoe is $24, and the normal profit margin is 20% of sales price, what is the cost amount that should be used in the lower-of-cost-or-market comparison? C$24. $18. $23. c $22

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