Calculating Proper Inventory Price for Product Dominoe

Explanation:

The proper inventory per unit inventory price for product Dominoe applying the lower of cost or market price is the lowest of the net realizable value of $28, the initial cost of $30, as well as the replacement cost of $31 per unit.

Since the net realizable value of $28 is lower than the replacement cost of $31 and the cost of $30, the per unit inventory of product Dominoe would be valued at $28 per unit with respect to the lower of cost and market price.