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What unit value should creek use for item

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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

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

Reference no: EM132745035

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