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Solntse Inc.'s year end is September 30. On September 30, 2020, Solntse has 10,000 swim suits, which cost $40 per unit when purchased on May
Solntse Inc.'s year end is September 30. On September 30, 2020, Solntse has 10,000 swim suits, which cost $40 per unit when purchased on May 1, 2020. The selling price was $60 per unit. On September 29, 2020, it was determined that the cost to sell is $24 per unit. At what amount should the 10,000 units of swimsuit inventory be reported at on the September 30, 2020 balance sheet? ENTER A NUMBER, NO $ NEEDED
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