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What is the final lower-of-cost-or-market inventory value

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Question - Robust Inc. has the following information related to an item in its ending inventory. Product 66 has a cost of $162, a replacement cost of $155, a net realizable value of $160, and a normal profit margin of $2. What is the final lower-of-cost-or-market inventory value for product 66?

a. $162.

b. $155.

c. $160.

d. $158.

Reference no: EM132567258

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