The unit cost of an inventory is 6000 and its net


Question - The unit cost of an inventory is $6000 and its net realizable value is $10,000. If there are 100 units of the inventory at year end, what is the value of the closing inventory?

A. $1,000,000

B. $600,000

C. $800,000

D. $1,400,000

Solution Preview :

Prepared by a verified Expert
Accounting Basics: The unit cost of an inventory is 6000 and its net
Reference No:- TGS02883662

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)