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The following information is available regarding each unit of Brown Corporation’s inventory Selling price $5200 Costs of completion

The following information is available regarding each unit of Brown Corporation’s inventory : Selling price......... $5,200 Costs of completion...... 250 Current replacement cost.... 5,000 Normal profit margin....... 2,400 Based on this information, determine the amount that should be used as the market value to apply the lower of cost or market rule to determine Brown s ending inventory .

Apr 11 2020 View more View Less

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