Inc.’s inventory, assuming Nash uses lower-of-LIFO cost-or-market. (c) The amount that should be used to value parkas on the basis of the lower-of-cost-or-market. (Round answers to 2 decimal places, e.g. 52.75.) (per unit)   Skis   Boots   Parkas Historical cost   $197.60   $110.24   $55.12 Selling price   220.48   150.80   76.70 Cost to distribute   19.76   8.32   2.60 Current replacement cost   211.12   109.20   53.04 Normal profit margin   33.28

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.