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MCS,PHD Argosy University/ Phoniex University/ Nov-2005 - Oct-2011
Professor Phoniex University Oct-2001 - Nov-2016
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
Sales price
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
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