Determine the per unit amount of inventory, Cost Accounting

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Determine the per unit amount of inventory

Response to the following problem:

Each unit of Blue Corporation's inventory has a ceiling of $2,850, a normal profit margin of $1,000, and a current replacement cost of $1,900. Determine the amount per unit that should be used as the market value to apply the lower of cost or market method to determine Blue Corporation's ending inventory.

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Cost Accounting: Determine the per unit amount of inventory

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