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Business, 02.11.2019 06:31 kelli151

Acompany normally sells its product for $20 per unit. however, the selling price has fallen to $15 per unit. this company's current fifo inventory consists of 200 units purchased at $16 per unit. net realizable value has now fallen to $13 per unit. what is the amount of the lower cost of market adjustment the company must make as a result of this decline in value?

a. $1000

b. $1400

c. $400

d. $600

e. $800

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