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RNO Company's market for Model 55 has changed significantly, and RNO has had to drop the price per unit from $265 to $125.

RNO Company's market for Model 55 has changed significantly, and RNO has had to drop the price per unit from $265 to $125. There are some units in the work in process inventory that have costs of $15 per unit associated with them. RNO could sell these units in their current state for $100 each. It will cost RNO $10 per unit to complete these units so that they can be sold for $125 each.

Which of the following is not a relevant value in this problem?



a. $265 = former price

b. $125 = current price

c. $100 = price for partially completed units

d. $10 = cost to complete units
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RNO Company's market for Model 55 has changed significantly, and RNO has had to drop the price per unit from $265 to $125. There are some units in the work in process inventory that have costs of...

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