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please help The following information relates to a company's year-end inventory: Inventory cost S910 Selling price of inventory $1,000 Normal profit margin 10% of selling
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The following information relates to a company's year-end inventory: Inventory cost S910 Selling price of inventory $1,000 Normal profit margin 10% of selling price Current replacement cost $740 Cost of completion and disposal 100 Under the first-in first-out (FIFO) cost method, what is the company's year-end inventory balance? 5900 $910 $740 $800Step by Step Solution
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