Ross electronics has one product in its ending inventory, Ask an Expert

Accounting

Ross Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $28; selling price, $35; selling costs, $4.

What unit value should Ross use when applying the lower of cost and net realizable value rule to ending inventory?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92640454

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