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LYZ sells product P for $40 per unit. The cost of one unit of P is $36, and the replacement cost is $35. The estimated cost to dispose of a unit is $8, and the normal profit is 40%. At what amount per
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LYZ sells product P for $40 per unit. The cost of one unit of P is $36, and the replacement cost is $35. The estimated cost to dispose of a unit is $8, and the normal profit is 40%. At what amount per unit should product P be reported, applying lower-of-cost-or-market?a. $16.b. $32.c. $35.d. $36.

User Sumit Gemini
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Answer:

B. $32

Step-by-step explanation:

User Peter Van De Put
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