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Sandhill Inc. has the following information related to an item in its ending inventory. Acer...

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Accounting

Sandhill Inc. has the following information related to an item in its ending inventory. Acer Top has a cost of $45, a replacement cost of $43, a net realizable value of $47, and a normal profit margin of $3. what is the final lower-of-cost-or-market inventory value for Acer Top?

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