In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases.
|
Cases |
|||||
|
1 |
2 |
3 |
4 |
5 |
|
|
Cost |
$15.90 |
$16.10 |
$15.90 |
$15.90 |
$15.90 |
|
Net realizable value |
14.50 |
19.20 |
15.20 |
10.40 |
16.40 |
|
Net realizable value |
12.80 |
17.60 |
13.75 |
8.80 |
14.80 |
|
Market (replacement |
14.80 |
17.20 |
12.80 |
9.70 |
16.80 |