Question
You have the following information related to the ending inventory of Sam Inc. for the year ended Dec. 31.2022: Inventory type # of units Cost
You have the following information related to the ending inventory of Sam Inc. for the year ended Dec. 31.2022:
| Inventory type | # of units | Cost per unit | Net realizable value per unit |
| A | 2,800 | $17 | $10 |
| B | 7,700 | $15 | $26 |
| C | 2,560 | $31 | $30 |
| D | 4,980 | $7 | $5 |
Required: How much is the cost of inventory that will appear in the statement of financial position at the end of 2022?
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Crossover Of Audit And Evaluation Practices Comparative Policy Evaluation
Authors: Maria Barrados, Jeremy Lonsdale
1st Edition
1032173874, 978-1032173870
