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Calculate the value of this company inventory

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Problem - A company normally sells its product for $20 per unit. However, 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 now fallen to $13 per unit. Calculate the value of this company's inventory at the lower of cost or market.

Answer

1. $2,550

2. $2,600

3. $2,700

4. $3,000

Reference no: EM131754807

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