Multiple Choice
Moore Company purchased an item for inventory that cost $20 per unit and was priced to sell at $30.It was determined that the cost to sell is $12 per unit.Using the lower of cost or net realizable value rule,what amount should be reported on the balance sheet for inventory?
A) $18.
B) $20.
C) $10.
D) $8.
Correct Answer:
Verified
Correct Answer:
Verified
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