In Accounting, Determine the value of the inventory, what is the cost (details Below)?

value for commodity TRP4 and what is the market value for Commodity TRP4?

Commodity Inventory Quanity Unit Cost Price Unit Market Price

TRP4 96 $29 $18

V555 200 13 14
anybody out there got a good answer

One thought on “In Accounting, Determine the value of the inventory, what is the cost (details Below)?”

  1. Sandy

    Is this a trick question? If you’re interested in TRP4, what is the info on V555 for?

    If there are 96 units of TRP4 and the unit cost price and market price is $29 and $18 respectively, cost would be 96 x $29 = $2,784, and market price would be 96 x $18 = $1,728. Since market is lower than cost, the inventory would be valued at $1,728.

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