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Robust Inc. has the following information related to an item in its ending inventory. Product...

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Accounting

Robust Inc. has the following information related to an item in its ending inventory. Product 66 has a cost of $6,500, a replacement cost of $6,100, a net realizable value of $6,200, and a normal profit margin of $400. What is the final lower-of-cost-or-market inventory value for product 66?
6200
E11-1(L01) EXCEL (Depreciation Computations-SL, SYD, DDB) Dere life of 12 years and purtines equipment on Janl: ary 1, Year 1, at a cost of $469,000. The asset is expected to have a service life
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