Question: Ross Electronics has one product in its ending inventory . Per unit data consist of the following: cost, $20; replacement cost, $18; selling price, $30;

Ross Electronics has one product in its . Per unit data consist of the following: cost, $20; replacement cost, $18; selling price, $30; disposal costs, $4. The normal profit margin is 30% of selling price. What unit value should Ross use when applying the LCM rule to ?

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