If the historical cost of product x is 64 the selling price, Ask an Expert

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If the historical cost of product X is $64, the selling price product X is S90, the costs to sell product X are S14, the replacement cost for product X is $55, and the normal profitt margin is 30%. That id the market value that should be used on the lower of cost or market comparison?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797276

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