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Performance in last 10 questions - there are '7' correct answers, '2' wrong answers, '1' skipped answers, '0' partially correct answers

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Difficulty80%

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Understand and apply the lower-of-cost-or-market rule.

Question Number

Q 9.52:At Hawkeye Security the basic professional grade security system has a cost of $812, a replacement cost of $775, a net realizable value of $800, and a normal profit margin of $50. Hawkeye Security would record ___ as the inventory value for this product using the lower-of-cost-or-market rule.

• A
• :
• $775
• B
• :
• $800
• C
• :
• $812
• D
• :
• $762