ABC Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product. Specific data with respect to each product follows: Product #1 Product #2 Historical cost $8 $ 20 Replacement cost 9 30 Estimated cost to dispose 3 7 Estimated selling price 18 35 Assume Oslo uses LIFO to compute inventory cost. In pricing its ending inventory using the lower-of-cost-or-market, what unit values, rounded to the nearest dollar, should Oslo use for products #1 and #2, respectively? $8 and $20. $9 and $20. $8 and $30. $15 and $28.
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Business, 22.06.2019 11:40, avagracegirlp17zx2
On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment
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Business, 23.06.2019 04:50, sariyamcgregor66321
Can someone me with general journal entry on this? ?
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Business, 23.06.2019 10:00, samantha636
Which statement was true in the past but is not generally true today? a. the training and education costs for some jobs will prohibit some people from entering that career be b. young people tend to go into the same job that their parents and grandparents did see c. people need a basic level of education before they meet requirements to professional schools d. people will probably have more than one job in their active working lives
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ABC Corporation has two products in its ending inventory, each accounted for at the lower of cost or...
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