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Stempniak has an inventory item with a historical cost of $110, a selling price of...

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Accounting

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Stempniak has an inventory item with a historical cost of $110, a selling price of $145, costs to distribute of $8, a current replacement cost of $105 and a normal profit margin of 20% of selling price. What is the value of the inventory item assuming Stempniak uses lower- of-cost-or-market? $110 O $137 O $105 O $115 O $108 SUBMIT

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