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Question 4 In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following
Question 4 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. Cases 2 $18.20 20.40 1.80 0.60 5 $14.10 20.30 1.00 0.60 4 $18.20 13.90 1.40 0.60 $17.50 13.80 1.66 0.59 $14.40 Cost Sales value Estimated cost to complete Estimated cost to sell 8.90 0.80 0.40 Cases 3 5 Unit inventory price
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