Question: CALCULATOR PRINTER VERSION BACK :01 AM / Remaining: 71 min. Question 40 The December 31, 2020 Inventory of Blossom Company consisted of four products, for
CALCULATOR PRINTER VERSION BACK :01 AM / Remaining: 71 min. Question 40 The December 31, 2020 Inventory of Blossom Company consisted of four products, for which certain information is provided below. Estimated Replacement Disposal Expected Normal Profit Product Original Cost Cost Cost Selling Price on Sales $32.00 $30.00 $6.50 $44.00 20.00% B $46.00 $44.00 $10.00 $49.00 30.00% $126.00 $121.00 $24.00 $200.00 30.00% D $19.00 $14.20 $6.00 $25.00 15.00% Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on Decemt 31, 2020. (Round answers to 2 decimal places, e.g. 52.75.) Product A $ B $ $ D $ Click if you would like to Show Work for this question: Open Show Work A LATER SUMMIT
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