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What unit value should creek use

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Question - The Creek Company values its inventory at lower of cost or net realizable value. Its normal profit margin is 15% of selling price. Information relating to item no. 101 is as follows:

Cost P750.00

Replacement cost 565.00

Cost to complete and disposal 100.00

Estimated selling price 900.00

Required - What unit value should Creek use for item no. 101 for inventory purposes?

Reference no: EM132762413

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