A business usually sells its product for $130 per unit. It has recently come to...
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Accounting
A business usually sells its product for $130 per unit. It has recently come to our attention that the expected unit selling price has fallen to $ 75 per unit. Our current inventory includes 90 units purchased at $ 110 per unit. Calculate the value of the inventory at the lower of cost and net realizable value.
Select one:
a.
$ 9,900
b.
$ 6,750
c.
$ 8,500
d.
$ 7,000
e.
$ 11,700
Clear my choice
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