Exhibit 8-1 Rival Inc. uses the lower of cost or market rule in valuing its inventory. One unit has a ceiling constraint of $45.50. The following is other information concerning this unit:
$\begin{array}{ll}
\$ 3.80 & \text { Estimated transportation costs for delivery } \
7.50 & \text { Normal profit margin } \
3.60 & \text { Packaging costs prior to delivery }
\end{array}$
- Refer to Exhibit 8-1. The selling price of this unit must be

Question

Exhibit 8-1 Rival Inc. uses the lower of cost or market rule in valuing its inventory. One unit has a ceiling constraint of $45.50. The following is other information concerning this unit: 
$\begin{array}{ll}
\$ 3.80 & \text { Estimated transportation costs for delivery } \
7.50 & \text { Normal profit margin } \
3.60 & \text { Packaging costs prior to delivery }
\end{array}$
- Refer to Exhibit 8-1. The selling price of this unit must be

Quizplus · Accepted Answer

The Answer of Exhibit 8-1 Rival Inc. uses the lower of cost or market rule in valuing its inventory. One unit has a ceiling constraint of $45.50. The following is other information concerning this unit: 
$\begin{array}{ll}
\$ 3.80 & \text { Estimated transportation costs for delivery } \
7.50 & \text { Normal profit margin } \
3.60 & \text { Packaging costs prior to delivery }
\end{array}$
- Refer to Exhibit 8-1. The selling price of this unit must be

Exhibit 8-1 Rival Inc - Refer to Exhibit 8-1