What is proper per unit inventory value for product alpha

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Problem

Given the acquisition cost of product ALPHA is $21, the net realizable value for product ALPHA is $20, the normal profit for product ALPHA is $1.50, and the market value (replacement cost) for product ALPHA is $18, what is the proper per unit inventory value for product ALPHA applying LCM?

Reference no: EM131801470

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What is proper per unit inventory value for product alpha : Given the acquisition cost of product ALPHA is $21, the net realizable value. dwhat is the proper per unit inventory value for product ALPHA applying LCM?
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