1. Given the acquisition cost of product Z is $36, the net realizable value for...
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Accounting
1. Given the acquisition cost of product Z is $36, the net realizable value for product Z is $32, the normal profit for product Z is $5, and the market value (replacement cost) for product Z is $28, what is the proper per unit inventory price for product Z using LCNRV?
2. Techno uses the LIFO cost method. Given the acquisition cost of product Z is $36, the net realizable value for product Z is $32, the normal profit for product Z is $5, and the market value (replacement cost) for product Z is $28, what is the proper per unit inventory price for product Z using LCM?
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