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Paul Konerko Company sells product 2005WSC for $20 per unit. The cost of one unit of 2005WSC is $16. The estimated cost to dispose of

Paul Konerko Company sells product 2005WSC for $20 per unit. The cost of one unit of 2005WSC is $16. The estimated cost to dispose of a unit is $3. At what amount per unit should product 2005WSC be reported, applying lower of cost and net realizable value?

$8

$16

$17

$18

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Paul Konerko Company sells product 2005WSC for $20 per unit. The cost of one unit of 2005WSC is $16. The estimated cost to dispose of

Paul Konerko Company sells product 2005WSC for $20 per unit. The cost of one unit of 2005WSC is $16. The estimated cost to dispose of a unit is $3. At what amount per unit should product 2005WSC be reported, applying lower of cost and net realizable value? $8 $16 $17 $18

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Recommended Textbook for

Elementary Statistics

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Paul Konerko Company sells product 2005WSC for $20 per unit. The cost of one unit of 2005WSC is $16. The estimated cost to dispose of a unit is $3. At what amount per unit should product 2005WSC be reported, applying lower of cost and net realizable value?

$8

$16

$17

$18