14 On December 1, a company purchases for cash 1 unit of inventory A for $10 and 1 unit of inventory B for $20. By December 31, the company has not sold unit A or B. The market value of unit A is $12 and the market value of unit B is $16. What is the ending balance in inventory?

Answer rating: 100% (QA)

The ending balance of inventory is determined by how a company measures the value of its inventory B... View the full answer