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A business usually sells its product for $130 per unit. It has recently come to...

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Accounting

A business usually sells its product for $130 per unit. It has recently come to our attention that the expected unit selling price has fallen to $ 75 per unit. Our current inventory includes 90 units purchased at $ 110 per unit. Calculate the value of the inventory at the lower of cost and net realizable value.

Select one:

a.

$ 9,900

b.

$ 6,750

c.

$ 8,500

d.

$ 7,000

e.

$ 11,700

Clear my choice

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