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pls find out the unit inventory price for case 1,2,3,4 and 5 In some instances, accounting principles require a departure from valuing inventories at cost
pls find out the unit inventory price for case 1,2,3,4 and 5
In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases using LCNRV. (Round answers to 2 decimal places, e.g. 52.75.) Cases 1 2 3 4 5 Cost $ 17.30 $ 15.80 $ 17.00 $ 14.70 $ 16.40 Sales value 17.00 21.10 16.20 9.60 18.30 1.50 1.80 1.51 0.80 Estimated cost to complete Estimated cost to sell 1.00 0.60 0.60 0.48 0.40 0.50 1 2 Unit inventory price $ Step by Step Solution
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