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20. Gatekeeper Company has two products with cost and selling price as follows: Selling price Estimated selling cost Materials and conversion cost General administration cost
20. Gatekeeper Company has two products with cost and selling price as follows: Selling price Estimated selling cost Materials and conversion cost General administration cost Product X 2,000,000 600,000 1,500,000 300,000 Product Y 3,000,000 700,000 1,800,000 800,000 At year-end, the manufacture of inventory has been completed but no selling cost has yet to be incurred. The inventory shall be measured at what amount? a. 3,700,000 b. 3.200,000 c3,800,000 d. 3,300,000
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