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Your company launches a new product for $20 per unit, which includes a profit margin...

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Accounting

Your company launches a new product for $20 per unit, which includes a profit margin of 40%. However, based on market demand, the selling price has fallen to $18 per unit. Your current inventory consists of 200 units that cost $16 per unit to make. The manufacturing cost has now fallen to $12 per unit. Calculate the value of the inventory at either their manufacturing cost or their market value, whichever is lowest.

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