One inventory item has a sales price of $26 and selling expenses of $7 . The replacement

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One inventory item has a sales price of $26 and selling expenses of $7 . The replacement cost of the item is $10 and the original cost was $24. The normal profit margin on this item is $1. If there are 2,000 units on hand, at what amount will inventory be recorded on the balance sheet:

$17000
$26000
$11000
$19000

Posted Date: Nov 14, 2021 09:01 PM

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One inventory item has a sales price of $26 and selling expenses of $7 . The replacement

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C 11000 Inventory is the raw materials used to produce goods as well as the goods that are available ... View the full answer

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