Texas Corp has the following inventory data for February 2018: Beginning Units: 12,400 Ending Units: 11,800 Cost
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Question:
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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