Paul Konerko Company sells product 2005WSC for $20 per unit.The cost of one unit of 2005WSC is $18, and the replacement cost is $17.The estimated cost to dispose of a unit is $4, and the normal profit is 40%.At what amount per unit should product 2005WSC be reported, applying lower-of-cost-or-market?
A)$8.
B)$16.
C)$17.
D)$18.

Question

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The Answer of Paul Konerko Company sells product 2005WSC for $20 per unit.The cost of one unit of 2005WSC is $18, and the replacement cost is $17.The estimated cost to dispose of a unit is $4, and the normal profit is 40%.At what amount per unit should product 2005WSC be reported, applying lower-of-cost-or-market?
A)$8.
B)$16.
C)$17.
D)$18.

Paul Konerko Company Sells Product 2005WSC for $20 Per Unit