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gestion 16 points SA XYZ Company sells a product for $45 per unit. The cost of one unit is $36. The estimated cost to complete a unit is 58, and the estimated cost to sell at what amount per un should the product be reported, applying lower-of-cost-or-net realizable value? 536, $32 OB . $37. . $40. ODI Question 17 1 points In 2014, ABC, Inc. experienced a decline in the value of its inventory resulting in a write-down (decrease of its inventory from $240,000 to $200.000. The company used the loss method in 2014 to record the necessary adjustment and uses an allowance account to reduce inventory to NRV. In 2015. market conditions have improved and ABC in inventory increases to an NRV of $216,000. Which of the following will ABC, Inc. record in 2015? A debit to Recovery of inventory Loss for 516,000. Acredit to Recovery of Inventory Loss for $24.000, B. A debit to Allowance to Reduce Inventory to NRV of 516,000 . A credit to Allowance to Reduce Inventory to NRV of $24.000 Question 18 A markup of 40% on cost is equivalent to what markup on selling price? 2996 A 4096 B. 6096 c. 7196 D. A Click Submit to complete this assessment