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Texas Corp has the following inventory data for February 2018: Beginning Units: 12,400 Ending Units: 11,800 Cost in excess of market per/ unit at January

Texas Corp has the following inventory data for February 2018:

  • Beginning Units: 12,400
  • Ending Units: 11,800
  • Cost in excess of market per/ unit at January 31st: 4.00
  • Replacement cost per unit at February 28th: 65.00
  • Increase in February gross profit associated with LOCM: 8,300

What is inventory cost per unit at February 28th? (Dont round )

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