Question: need help seeing how I came to my answer. I did this problem in class and completely forgot how I came about my answer. roblem
need help seeing how I came to my answer. I did this problem in class and completely forgot how I came about my answer. roblem 2 LCM: --Lower-of-cost-or-market. etermine the proper unit inventory price in the following independent cases by applying the lower of cost or market rule. Circle your choice. 9.00 $10.50 $12.00 56.00 $2.20 Cost Net realizable value Net realizable value less normal profit Market replacement cost $8.00 8.85 8.15 $7.20 6.90 $10.50 10.00 9.00 10.10 $12.00 12.20 11.40 12.50 $6.00 4.25 3.75 6.00 7.90 4.00 5.40 Case No. LCM Unit Value 1 8 .00
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