Business
Business, 06.11.2019 20:31, warreliz

The following data apply to a unit of inventory:
selling price $22
selling cost 2
normal profit margin 5
replacement cost 10
using the lower of cost or market (lcm) method of measuring lifo basis inventory, what is the market amount for this unit of inventory?

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Answers: 1

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Do you know the correct answer?
The following data apply to a unit of inventory:
selling price $22
selling cost 2

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