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Determine the proper inventory price per unit

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Reference no: EM132566213

Question 1: Determine the proper inventory price per unit in the following independent cases by applying the lower of cost or net realizable value rule (NRV).

                                                1              2            3             4                    5

Cost                               80            105      120         60            72

Sales value                        100         130       160            65        80

Cost to complete                 18            19         21            4         6

Cost to sell                         7                10         12          2         5

NRV .

Reference no: EM132566213

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