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In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases, under

In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases, under the lower-of-cost-or-market rule.

Cases
1 2 3 4 5
Cost $14.20 $13.90 $17.50 $14.60 $13.70
Net realizable value 16.10 17.10 14.40 8.80 18.80
Net realizable value less normal profit 14.30 15.50 13.16 7.20 17.20
Market (replacement cost) 14.00 19.60 12.00 8.30 14.80

Cases
1 2 3 4 5
Unit inventory price $

$

$

$

$

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