H.learn.xythos.prod/5849b9bae4172/14451231?response-cache-control-private%2C%20max-age%3D21600&response er Connect - Class: AC... TD Online Stock Tradin... M Inbox (630) - samu... a Amazon.com: Onlin.. Yuzu: Biology 1103 the market value figure tor ending inventory is substituted for cost ana ine loss is buried in cost of goods sold. a. 5. Lexington Company sells product 1976NLC for $20 per unit. The cost of one unit of 1976NLC is $18, and the replacement cost is $17. The estimated cost to dispose of a unit is $4, and the normal profit is 40%. At what amount per unit should product 1976NLC be reported, applying lower-of-cost- or-market? A. $8. B. $16. C. $17. D. $18. a. 6. Which statement is true about the gross profit method of inventory valuation? It may be used to estimate inventories for annual statements. b. It may be used to estimate inventories for interim statements. It eliminates the need for physical inventories. d. When calculated on selling price, it will always be more than the related percentage based on c. cost. I H.learn.xythos.prod/5849b9bae4172/14451231?response-cache-control-private%2C%20max-age%3D21600&response er Connect - Class: AC... TD Online Stock Tradin... M Inbox (630) - samu... a Amazon.com: Onlin.. Yuzu: Biology 1103 the market value figure tor ending inventory is substituted for cost ana ine loss is buried in cost of goods sold. a. 5. Lexington Company sells product 1976NLC for $20 per unit. The cost of one unit of 1976NLC is $18, and the replacement cost is $17. The estimated cost to dispose of a unit is $4, and the normal profit is 40%. At what amount per unit should product 1976NLC be reported, applying lower-of-cost- or-market? A. $8. B. $16. C. $17. D. $18. a. 6. Which statement is true about the gross profit method of inventory valuation? It may be used to estimate inventories for annual statements. b. It may be used to estimate inventories for interim statements. It eliminates the need for physical inventories. d. When calculated on selling price, it will always be more than the related percentage based on c. cost