Business, 21.11.2019 22:31, androw4116

Abbott co uses lifo for its inventory valuation. given the historical cost of product z is $60, the selling price of product z is $50, costs to sell product z are $6, the replacement cost for product z is $41, and the normal profit margin is 40% of sales price, what is the amount that should be used to value the inventory?

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Abbott co uses lifo for its inventory valuation. given the historical cost of product z is $60, the...