Paul Konerko Company sells product 2005WSC for $20 per unit. The cost of one unit...
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Accounting
Paul Konerko Company sells product 2005WSC for $20 per unit. The cost of one unit of 2005WSC is $16. The estimated cost to dispose of a unit is $3. At what amount per unit should product 2005WSC be reported, applying lower of cost and net realizable value?
$8
$16
$17
$18
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