Competitive products would come on the market

Reference no: EM133655034

Question: The inventory is calculated on a lower-of-cost-or-market basis. Using this analysis, cost of goods sold includes $7,000 due to the write down of inventory to market. Late in the year, it became apparent that during the next year new competitive products would come on the market which would drive the price of EASI's products down. They expect this decline to take place in about six months

Reference no: EM133655034

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