Question: Please show work!! Question 1 (9 points) Determine that unit value that should be used for inventory costing following lower of cost or market value.

Please show work!!

Question 1 (9 points) Determine that unit value that should be used for inventory costing following "lower of cost or market value". You may circle the amount that corresponds to each product or calculate your own value Product item: Cost Replacement cost Net realizable value Net realizable value less normal profit $2.25 $2.35 $2.47 $2.54 $2.34 $2.42 2.20 2.26 2.55 2.52 2.32 2.46 2.50 2.50 2.50 2.45 2.50 2.50 2.30 2.30 2.30 2.30 2.30 2.30 D- F

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