Question: Ross Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $26; selling price, $36; selling costs, $4. What

Ross Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $26; selling price, $36; selling costs, $4.

What unit value should Ross use when applying the lower of cost and net realizable value rule to ending inventory?

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