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f Homework Assignment - Chapter 9 Question 3 of 8 -12 E View Policies Current Attempt in Progress Vaughn Company uses the lower-of-cost-or-market method, on
f Homework Assignment - Chapter 9 Question 3 of 8 -12 E View Policies Current Attempt in Progress Vaughn Company uses the lower-of-cost-or-market method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products D, E, F, G, H, and I. Relevant per-unit data for these products appear below. Item D Item E Item F Item G Item H Item 1 Estimated selling price $278 $255 $220 $ $209 $255 $209 Cost 174 186 186 186 116 84 Replacement cost 278 167 162 70 162 70 Estimated selling expense 70 70 70 58 70 70 Normal profit 46 46 46 46 46 46 Using the lower-of-cost-or-market rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2017, for each of the inventory items above. Item D $ $ Item E $ Item F $ $ Item G $ Item H $ Item 1 $ e Textbook and Media Save Cove for later Attemnts of 3 used Submit
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