There are two units of an inventory item in stock. The selling price is $400 and the value is $400. What is the individual cost of the item -

Name: There are two units of an inventory item in stock. The selling price is $400 and the value is $400. What is the individual cost of the item -
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Since the value of the two units of inventory is $400 and there are two units, the cost of each unit must be $200 ($400 value divided by 2 units). Therefore, the correct choice is B.

There Are Two Units of an Inventory Item in Stock