Question: Question 4 In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following

Question 4 In some instances, accounting principles require a departure from

Question 4 In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases using LCNRV Cases Cost Sales value Estimated cost to complete Estimated cost to sell $14.70 $15.10 $17.90 $17.20 $14.20 19.60 1.00 0.50 2.70 21.10 1.50 0.50 14.90 1.43 0.53 9.10 0.90 0.40 2.00 0.70 Cases Unit inventory price

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