Assume in each case that the selling expenses are $10 per...
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Accounting
Assume in each case that the selling expenses are $10 per unit and that the normal profit is $5 per unit. Calculate the limits for each cast. Then enter the amount that should be used for lower of cost or market. Selling Price Upper Limit Replacement Cost Lower Limit Cost ECM @ 559 si 545 $ $47 (b) 54 38 41 (c) 61 49 50 49 43
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