In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases.
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Cases |
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1 |
2 |
3 |
4 |
5 |
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Cost |
$15.90 |
$16.10 |
$15.90 |
$15.90 |
$15.90 |
|
Sales value |
14.80 |
19.20 |
15.20 |
10.40 |
17.80 |
|
Estimated cost to complete |
1.50 |
1.90 |
1.65 |
.80 |
1.00 |
|
Estimated cost to sell |
.50 |
.70 |
.55 |
.40 |
.60 |