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HELP ASAP Company Z had the following information: inventory at cost of $5,100, selling value of inventory of $5,250, inventory cost of completion of $100,
HELP ASAP
Company Z had the following information: inventory at cost of $5,100, selling value of inventory of $5,250, inventory cost of completion of $100, inventory cost of distribution of $150, normal profit margin of $2,000, and inventory replacement cost of $4,800. What is the floor amount to be used in the determination of the inventorys market value in the lower-of-cost-or-market method of inventory?
Group of answer choices below
$3,000
$5,000
$5,250
$4,800
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