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Determine the lower of cost or market for items

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Question - Determine the lower of cost or market for items A and B using the information below:

Item         Cost      Replacement cost     Estimated sales price      selling cost            normal profit

  A           11.00            11.40                          16.00                   1.80                     3.00

  B           18.00            17.00                          18.00                   1.60                      2.00

Reference no: EM131609475

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