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Business, 12.11.2020 18:50 williamabigan

Sienna Company uses the FIFO cost flow assumption. Sienna has inventory with a selling price of $100, packaging costs of $5, and transportation costs of $10. Sienna's normal profit margin is $20. However, due to limited supply of the product from the manufacturer, it would cost Sienna $80 to replace the inventory. What amount should be used as the market value?a. $ 65b. $ 80c. $ 85d. $ 100

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Sienna Company uses the FIFO cost flow assumption. Sienna has inventory with a selling price of $100...

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