In some instances, accounting principles require a
Chapter 9, Problem 5(choose chapter or problem)
In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases. 1 2 3 4 5Cost $15.90 $16.10 $15.90 $15.90 $15.90Net realizable value 14.50 19.20 15.20 10.40 16.40Net realizable value less normal profi t 12.80 17.60 13.75 8.80 14.80Market (replacement cost) 14.80 17.20 12.80 9.70 16.80
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