Solution-What is the correct inventory value for each

What is the correct inventory value for each product

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Reference no: EM13546555

Lower of Cost or Market - The Stiles Corporation uses the lower of cost or market method for each of two products in its ending inventory. A profit margin of 30% on the selling price is considered normal for each product. Specific data for each product are as follows:

Product A	Product B
Historical cost	$68	$91
Replacement cost	60	93
Estimated cost of disposal	32	52
Estimated selling price	140	200

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What is the correct inventory value for each product?

Reference no: EM13546555

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What is the correct inventory value for each product : What is the correct inventory value for each product - The Stiles Corporation uses the lower of cost or market method for each of two products in its ending inventory.

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What is the correct inventory value for each product

Reference no: EM13546555

Reference no: EM13546555

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