Lower of cost or market concept

Reference no: EM13130858

If the cost of an item is $75, the currrent replacement cost is $64, and the selling price is $95, the amoount included in inventory according to the lower of cost or market concept is ??

Reference no: EM13130858

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Lower of cost or market concept : If the cost of an item is $75, the currrent replacement cost is $64, and the selling price is $95, the amoount included in inventory according to the lower of cost or market concept is ??

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