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  • 25-04-2024
  • Business
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Content Area If the historical cost of an item of inventory is $70, the current replacement cost is $75, and the sales price is $85 with a cost of disposal of $5, the amount included in inventory according to the lower-of-cost-or-market method is ____.
a. $70
b. $85
c. $80
d. $75

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