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Find the inventory item should be valued at

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Problem 1: The original cost of an inventory item is below both replacement cost and net realizable value. The net realizable value less normal profit margin is below the original cost. Under the lower of cost or net realizable value, the inventory item should be valued at

a. net realizable value less normal profit
b. replacement cost
c. net realizable value
d. original cost

Reference no: EM132696423

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