In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases.
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Cases
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1
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2
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3
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4
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5
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Cost
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$15.90
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$16.10
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$15.90
|
$15.90
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$15.90
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Net realizable value
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14.50
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19.20
|
15.20
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10.40
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16.40
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Net realizable value
less normal profit
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12.80
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17.60
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13.75
|
8.80
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14.80
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Market (replacement
cost)
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14.80
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17.20
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12.80
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9.70
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16.80
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