Sandhill Company sells the product 2005 WSC for $80 per unit. The cost of one unit of 2005 WSC is $77, and the replacement cost is $76. The estimated cost to dispose of a unit is $6, and the normal profit is 40%. At what amount per unit should product 2005 WSC be reported, applying lower-of-cost-or-market?

Answer rating: 100% (QA)

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