The following is data relative to 12/31/21 inventory Item Original Cost Replacement End Inv Per unit Cost # units A $.65 $.45 23,000 B $.45 $.40 37,000 C $.70 $.75 62,500 D $.75 $.65 20,900 E $.90 $.85 53,000 Selling price is $1.00/unit for all items. Disposal costs amount to 10% of the selling price and a "normal" profit is 30% of the selling price. REQUIRED: 1. Calculate “market value" Make the nececsary adiustment

The following is data relative to 12/31/21 inventory Item Original Cost Replacement End Inv Per unit Cost # units A $.65 $.45 23,000 B $.45 $.40 37,000 C $.70 $.75 62,500 D $.75 $.65 20,900 E $.90 $.85 53,000 Selling price is $1.00/unit for all items. Disposal costs amount to 10% of the selling price and a "normal" profit is 30% of the selling price. REQUIRED: 1. Calculate “market value" Make the nececsary adiustment

Name: The following is data relative to 12/31/21 inventory:Item Original Co
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Description: The following is data relative to 12/31/21 inventory:Item Original Cost Replacement End InvPer unit Cost # unitsA $.65 $.45 23,000B $.45 $.40 37,000C $.70 $.75 62,500D $.75 $.65 20,900E $.90 $.85 53,000Selling price is $1.00/unit for all items. Disp

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 13MC: There were 1,000 units in ending inventory after transferring 16,000 units to finished goods...

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