Given the acquisition cost of product ALPHA is $$28,$ the net realizable value for product ALPHA is $$25,$ the normal profit for product ALPHA is $$2\mathrm{.}00,$ and the market value $($replacement cost$)$ for product ALPHA is $$22,$ what is the proper per unit inventory value for product ALPHA if LCM is applied?

 

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To determine the proper per unit inventory value for product ALPHA using the Lower of Cost or Market ... View the full answer