Question: Question completion Status: Moving to another question will save this response. Question 2 Dodge Company has five products in its inventory. Information about the December
Question completion Status: Moving to another question will save this response. Question 2 Dodge Company has five products in its inventory. Information about the December 31, 2021, inventory follows: Product Total Cost Total Replacement Cost Total Selling Price 9,000 11,000 15.000 B 1,720 1.000 2.800 6,000 4.800 5,200 The cost to sell for each product consists of a sales commission, which is 10% of selling price. The normal profit for each product is 30 percent of the selling price. The carrying 31, 2021, assuming the lower of cost or market (LCM) rule is applied to individual products would be: Moving to another question will save this response. MS DOCE MAG200
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