1 2 3 4 5
Cost $7.80 $10.50 $11.80 $6.00 $7.20
Net realizable value 8.85 10.00 12.20 4.25 6....
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Business, 19.04.2021 15:20 rosarioemily580
1 2 3 4 5
Cost $7.80 $10.50 $11.80 $6.00 $7.20
Net realizable value 8.85 10.00 12.20 4.25 6.90
Net realizable value less normal profit 8.15 9.00 11.40 3.75 6.50
Market replacement cost 7.90 10.10 12.50 4.00 5.40
Required:
Determine the proper unit inventory price in the above independent cases by applying the lower of cost or market rule.
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Answers: 3
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