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Given the acquisition cost of product Z is $43, the net realizable value for product Z is $37, the normal profit for product Z is $2, and the market value (replacement cost) for product Z is $38, what is the proper per unit inventory value for product Z applying LCM? $37. $35. $38. $43.
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Given the acquisition cost of product Z is $43, the net realizable value for product Z is $37, the n...
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