In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper

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In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the followingcases.

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Related Book For book-img-for-question

Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

Question Posted: May 16, 2012 07:57 AM

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In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper

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Cases 2 4 $15.90 $16.10 $15.90 $15.90 $15.90 Net realizable value 14.30 19.20 15.20 10.40 16.40 Cost Net realizable value less normal proft 12.80 17.60 13.75 8.80 14.80 Market (replace- ment cost) 14.80 17.20 12.80 9.70 16.80

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Intermediate Accounting principles and analysis

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