Question: Branson Inc. has selected specific identification as its inventory costing method. At December 31, 2025, it has the following information for its finished goods: Replacement

Branson Inc. has selected specific identification as its inventory costing method. At December 31, 2025, it has the following information for its finished goods:

Replacement value $6,500

Cost $4,000

Expected selling price $6,000

Normal profit margin 10%

Selling costs 20% of expected selling price

At what amount should Branson value its inventory at December 31, 2025?

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