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The Everything Store Has Just Removed a Demonstrator from Display

question 153

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The Everything Store has just removed a demonstrator from display and demonstration-it will be sold at a reduced price.The original price was $180 and the original cost was $140.Additional information: Estimated repairs before selling. $20Estimated selling price reduced to. 120Estimated selling costs. 7Normal profit margin. 1/3\begin{array} { l } \text {Estimated repairs before selling. }&\$20\\ \text {Estimated selling price reduced to. }&120\\ \text {Estimated selling costs. }&7\\ \text {Normal profit margin. }&1/3\\\end{array}
The demonstrator will be included in the used inventory balance.What inventory value should be assigned to the used demonstrator?


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