In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the
In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases.
\r\nCases
\r\n1 2 3 4 5
\r\nCost $15.90 $16.10 $15.90 $15.90 $15.90
\r\nNet realizable value 14.50 19.20 15.20 10.40 16.40
\r\nNet realizable value less normal profi t 12.80 17.60 13.75 8.80 14.80
\r\nMarket (replacement cost) 14.80 17.20 12.80 9.70 16.80