Determine the proper unit inventory price in cases

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In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases.

Cases


1

2

3

4

5

Cost

$15.90

$16.10

$15.90

$15.90

$15.90

Net realizable value

14.50

19.20

15.20

10.40

16.40

Net realizable value
less normal profit

12.80

17.60

13.75

8.80

14.80

Market (replacement
cost)

14.80

17.20

12.80

9.70

16.80

 

Reference no: EM13330986

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