Business
Business, 18.01.2020 06:31, marithatkid

Acompany's normal selling price for its product is $20 per unit. however, due to market competition, the selling price has fallen to $15 per unit. this company's current inventory consists of 200 units purchased at $16 per unit. replacement cost has fallen to $13 per unit. calculate the value of this company's inventory at the lower of cost or market. a) $2,550.
b) $2,600.
c) $2,700.
d) $3,000.
e) $3,200.

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Answers: 2

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