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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?
- $0
- $4,000
- $5,000
- $10,000
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