Separating operating margins and holding gains. During Year 8. its first year of operations.

Miller Corporation purchased 10.000 units at $80 each and sold 9.000 units for $100 each. On December 31. Year 8. the units had a replacement cost of $84. The average replacement cost during Year 8 was $82. Compute the amount of operating margin, realized holding gain or loss, unrealized holding gain or loss, and economic profit lor Year 8.

EXERCISES