Answer:
$400 .Since inventory is valued at cost or market value(current replacement cost) whichever is lower .
Therefore value of inventory : $400*8=$3200
Explanation:
<span>The next step the organization must take in the marketing research process is "Collecting data".
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The Marketing research process refers to an arrangement of five stages which characterizes the errands to be expert in directing an advertising research study. These incorporate issue definition, building up a way to deal with issue, look into plan detailing, field work, information planning and investigation, and generating report and introduction.
The mls is a good source for data when researching a subject property. former sales price will be found there.
A multiple listing service is a database which is established by cooperating real estate brokers in order to provide data about properties for sale.
An MLS allows the brokers to see one another’s listings of properties held for sale with the goal of connecting homebuyers to sellers. Under this arrangement, both the listing and selling brokers are benefited by consolidating and sharing information and also by sharing commissions.
Typically, multiple listing services create a general book and electronic database with all of the houses for sale by affiliated brokers.
To know more about MLS here:
brainly.com/question/15579742
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