If the cost of an item of inventory is $60 and the current replacement cost is $75,

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If the cost of an item of inventory is $60 and the current replacement cost is $75, the amount included in inventory according to the lower of cost or market is

a. $135

b. $15

c. $60

d. $75

Related Book For answer-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: Jun 14, 2019 09:45 AM

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If the cost of an item of inventory is $60 and the current replacement cost is $75,

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Business Math

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