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At which amount should this part be valued

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Question - An auto repair company uses the lower-of-cost-or-market method to value inventory. The company is discussing valuation of a part for a luxury model vehicle. Data for the part are as follows:

Inventory replacement cost $4,200

Inventory cost $3,700

Sales value $5,100

Cost to complete inventory for sale $600

Profit margin 10%

At which amount should this part be valued?

Reference no: EM133146692

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