Question
A Xtron Company normally sells its product for $21 per unit. However, the selling price has fallen to $15 per unit. This company's current inventory
A Xtron Company normally sells its product for $21 per unit. However, the selling price has fallen to $15 per unit. This company's current inventory consists of 400 units purchased at $16 per unit. Replacement cost has now fallen to $12 per unit. Calculate the value of this company's inventory at the lower of cost or market.
| $4,800 | ||
| $8,400 | ||
| $6,000 | ||
| $6,400 | ||
| $3,600 |
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Introduction To Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
6th Canadian Edition
1260060411, 9781260060416
