pdx corp acquired 100 of the outstanding common stock of sea corp in a purchase tran 605528

PDX Corp. acquired 100% of the outstanding common stock of Sea Corp. in a purchase transaction. The cost of the acquisition exceeded the fair value of the identifiable assets and assumed liabilities. The general guidelines for assigning amounts to the inventories acquired provide for

1. Raw materials to be valued at original cost.
2. Work in process to be valued at the estimated selling prices of finished goods, less both costs to complete and costs of disposal.
3. Finished goods to be valued at replacement cost.
4. Finished goods to be valued at estimated selling prices, less both costs of disposal and a reasonable profit allowance.