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An organization has 1,000 units of a defect in stock. Per unit, market price is $10; production cost is $4; and the defect selling price

An organization has 1,000 units of a defect in stock. Per unit, market price is $10; production cost is $4; and the defect selling price is $5. What is the carrying amount (inventory value) of defects at year end?

  1. $0
  2. $4,000
  3. $5,000
  4. $10,000

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