Commodity L sells for $ 1 2 . 0 0 ; selling expenses are $ 2 .

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Question:

Commodity L sells for $

12.00

; selling expenses are $

2.40

; normal profit is $

3.00 .

If the cost of Commodity L is $

7.80

and the replacement cost is $

6.00,

the lower

-

-

cost

-

or net realizable value is?

Posted Date: May 10, 2024 12:51 AM

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Commodity L sells for $ 1 2 . 0 0 ; selling expenses are $ 2 .

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