kallistanguyen4038 kallistanguyen4038

19-09-2019
Business

contestada

Given the acquisition cost of product Z is $80, the net realizable value for product Z is $72, the normal profit for product Z is $6, and the market value (replacement cost) for product Z is $75, what is the proper per unit inventory price for product Z?

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Karabo99 Karabo99

27-09-2019

Answer:

The proper per unit inventory price for product Z is $72.

Explanation:

The inventory is valued at cost or Net Realizable Value (NRV) whichever is lower. Therefore, the proper per unit inventory price for product Z is $72.

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