Question: A1 Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $38 replacement cost, $36 selling price, $48 selling

A1 Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $38 replacement cost, $36 selling price, $48 selling costs, $5. The normal profit is 40% 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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