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Business, 20.12.2019 05:31 ptrlvn01

Acompany normally sells its product for $20 per unit. however, the selling price has fallen to $15 per unit. this company's current fifo inventory consists of 200 units purchased at $16 per unit. net realizable value has now fallen to $13 per unit. what is the amount of the lower cost of market adjustment the company must make as a result of this decline in value?

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