Question: Please help me answer the question according to the attached photo Question 7 In some instances, accounting principles require a departure from valuing inventories at

Question 7 In some instances, accounting principles require a departure from valuing

Please help me answer the question according to the attached photo

inventories at cost alone. Determine the proper unit inventory price in the

Question 7 In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases, under the lower-of-cost-or-market rule. Is.so 16.80 14.70 15.40 16.60 12.00 $15.20 Net realizable value Net realizable value less normal profit Market (replacement cost) unit inventory price $17.80 18.80 17.40 15.10 $13. go $18.10 9.80 8.10 8.80 $13.70 18.40 17.00 18.10

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