Question: A1 Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $26 replacement cost, $24 selling price, $36 selling

A1 Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $26 replacement cost, $24 selling price, $36 selling costs, $5. The normal profit is 35% of selling price. What unit value should A1 use when applying the lower of cost or market (LCM) rule to ending inventory?

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