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the original cost of Product W was $451 and until the end of 2019 it typically sold for $564. This year, however, increased competition has
the original cost of Product W was $451 and until the end of 2019 it typically sold for $564. This year, however, increased competition has dropped the sales price of Product W to $508. The replacement value for Product W at the end of 2020 is $496 and the cost to complete the packaging is $27 per unit. What should the company report as the per unit cost of Product W at the end of 2020 under U.S. GAAP?
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