Business

20 November, 07:42

Given the historical cost of product Z is $40, the selling price of product Z is $80, costs to sell product Z are $6, the replacement cost for product Z is $41, and the normal profit margin is 40% of sales price, what is the market value that should be used in the lower-of-cost-or-market comparison? a. $40. b. $74. c. $41. d. $42.

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