The Inventory Records of a Corporation Provided the Following Information

question 111

Multiple Choice

The inventory records of a corporation provided the following information at the end of 2013: $\begin{array} { l } \text {Cost per unit. }&\$10,000\\ \text {Insurance premium paid per unit. }&500\\ \text { Financing expense per unit.}&600\\ \text { Cost of permanent security system per unit (allocated) .}&1,500\\ \text {Freight per unit (when purchased) . }&300\\ \text {Cost of permanent reusable display case for this product only, per unit. }&400\\ \text {Advertising expense per unit (allocated) . }&1,000\\\end{array}$
What unit cost should be used for valuing inventory on hand at the end of 2013?

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Definitions:

Global Reporting Initiative

A leading organization that promotes sustainable and responsible business practices, providing standards for sustainability reporting.

Biodiversity

The variety and variability of life on Earth, encompassing the diversity of species, ecosystems, and genetic variations.

Socio-Economic Development

The process of enhancing the economic and social well-being of a community or region, typically through improvements in education, healthcare, and infrastructure.

Rio +20 Corporate Sustainability Forum

An international conference dedicated to promoting sustainable development practices among corporations, held as a part of the Rio+20 United Nations Conference on Sustainable Development.