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What is the proper per unit inventory price for product Z

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Question - Given the acquisition cost of product Z is $64, the net realizable value for product Z is $58, the normal profit for product Z is $5, and the market value (replacement cost) for product Z is $60, what is the proper per unit inventory price for product Z if using lower of cost or market (LCM) method?

Reference no: EM133076757

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