Solution-Market value to apply the lower of cost

Market value to apply the lower of cost

Reference no: EM13872974

Each unit of Black Corporation's inventory has a ceiling of $8,455, a normal profit margin of $1,500, and a current replacement cost of $6,800. Determine the amount per unit that should be used as the market value to apply the lower of cost or market method to determine Black Corporation's ending inventory.

Reference no: EM13872974

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Market value to apply the lower of cost : Each unit of Black Corporation's inventory has a ceiling of $8,455, a normal profit margin of $1,500, and a current replacement cost of $6,800.

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Market value to apply the lower of cost

Reference no: EM13872974

Reference no: EM13872974

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