Question: Current Attempt in Progress Carla Vista Inc. has selected specific identification as its inventory costing method. At December 31, 2025, it has the following information

Current Attempt in Progress Carla Vista 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 $7670 Cost $4720 Expected selling price $7080 Normal profit margin 10% Selling costs 20% of expected selling price At what amount should Carla Vista value its inventory at December 31, 2025

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