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K&Z Inc. follows the practice of pricing its inventory at the lower-of-cost-or-market (LCM), on an...

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Accounting

K&Z Inc. follows the practice of pricing its inventory at the lower-of-cost-or-market (LCM), on an individual-product basis. The December 31,2025 inventory of K&Z Inc. consisted of three products, for which certain information is provided below.
\table[[Product:,Cost per Product:,Replacement Cost:-],[A,$10.20,$9.90
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