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Business, 03.04.2020 20:32 lindseycagle00

The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows:Per UnitProduct Cost Selling PriceA $ 120 $ 140B 160 180C 80 160D 80 120E 20 40Costs to sell consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% of cost. Required:What unit value should Royal Decking use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to units of ending inventory

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The inventory of Royal Decking consisted of five products. Information about the December 31, 2021,...

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