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An item in inventory is currently carried at historical cost of $20 per unit....

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Accounting

An item in inventory is currently carried at
historical cost of $20 per unit. At year-end
we gather the following per unit information:
current replacement cost = $21.50
selling price = $30
cost to complete and dispose = $4
normal profit margin of = $5
How would we value this item in the Balance
Sheet?

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