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Question(s) / Instruction(s):

A company has the following per unit original costs and replacement costs for its inventory: Part A: 65 units with a cost of $7, and replacement cost of $1 Part B: 80 units with a cost of $5, and replacement cost of $8 Part C: 150 units with a cost of $8, and replacement cost of $2 Under the lower of cost or market method, the total value of this companys ending inventory is: a) $1,005.00 or $765.00, depending upon whether LCM is applied to individual items or the inventory as a whole b) $1,005.00 c) $765.00. d) $2,055.00 or $765.00, depending upon whether LCM is applied to individual items or to the inventory as a whole e) $2,055.00

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