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Stick Company manufactures and sells 3 products. Assume one unit of inventory for each product. The following information is valid as of December 31, the
Stick Company manufactures and sells 3 products. Assume one unit of inventory for each product. The following information is valid as of December 31, the current balance sheet date.
Original cost per unit | Estimated future selling price per unit | |
A | $ 40.00 | $ 42.00 |
B | $ 47.50 | $ 45.00 |
C | $ 17.50 | $ 16.00 |
What will be the inventory valuation on the balance sheet for each item?
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