What is the proper per unit inventory price for product

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Question - Given the acquisition cost of product Dominoe is $32, the net realizable value for product Dominoe is $30, the normal profit for product Dominoe is $3, and the market value (replacement cost) for product Dominoe is $31, what is the proper per unit inventory price for product Dominoe applying LCM?

a) $32.

b) $31.

c) $30.

d) $27.

Reference no: EM132592422

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