Business, 20.12.2019 03:31 uaine2002

Lialia co. has determined the cost of its fiscal year-end unfinished fifo inventory to be $300,000. information pertaining to that inventory at year-end is as follows: estimated selling price $330,000 estimated cost of disposal 20,000 normal profit margin 15% current replacement cost 280,000 estimated completion costs 15,000 what amount should lialia report as inventory on its year-end balance sheet?

a. $300,000
b. $295,000
c. $330,000
d. $280,000

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Lialia co. has determined the cost of its fiscal year-end unfinished fifo inventory to be $300,000....

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