In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper
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Cases 4 $15.90 $16.10 $15.90 $15.90 $15.90 Cost Net realizable value Market (replacement Net realizable value 14.50 19.20 15.20 10.40 16.40 less normal profit 28 7.6013.75 8.8014.80 14.80 17.20 2.80 9.70 16.80 cost)
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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