Can you answer please? Given the historical cost of product Dominoe is $37,...
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Accounting
Can you answer please?
Given the historical cost of product Dominoe is $37, the selling price of product Dominoe is $40, costs to sell product Dominoe are $2, the replacement cost for product Dominoe is $36, and the normal profit margin is 20% of sales price, what is the amount that should be used to value the inventory under the lower-of-cost-or-market method? O $30. O $38. O $36. O $37
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