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Crane Inc. has the following information related to an item in its ending inventory. Acer...

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Accounting

Crane Inc. has the following information related to an item in its ending inventory. Acer Top has a cost of $24, a replacement cost of $22, a net realizable value of $26, and a normal profit margin of $3. What is the final lower-of-cost-or-market inventory value for Acer Top? $26. $22. $23. $24.

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