In: Accounting
Skysong Company follows the practice of pricing its inventory at
the lower-of-cost-or-market, on an individual-item basis.
Item No. |
Quantity |
Cost per Unit |
Cost to Replace |
Estimated Selling Price |
Cost of Completion and Disposal |
Normal Profit |
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1320 |
1,500 | $3.39 | $3.18 | $4.77 | $0.37 | $1.33 | ||||||||||||
1333 |
1,200 | 2.86 | 2.44 | 3.71 | 0.53 | 0.53 | ||||||||||||
1426 |
1,100 | 4.77 | 3.92 | 5.30 | 0.42 | 1.06 | ||||||||||||
1437 |
1,300 | 3.82 | 3.29 | 3.39 | 0.27 | 0.95 | ||||||||||||
1510 |
1,000 | 2.39 | 2.12 | 3.45 | 0.85 | 0.64 | ||||||||||||
1522 |
800 | 3.18 | 2.86 | 4.03 | 0.42 | 0.53 | ||||||||||||
1573 |
3,300 | 1.91 | 1.70 | 2.65 | 0.80 | 0.53 | ||||||||||||
1626 |
1,300 | 4.98 | 5.51 | 6.36 | 0.53 | 1.06 |
From the information above, determine the amount of Skysong Company
inventory.
The amount of Skysong Company’s inventory | $enter the dollar amount of Skysong Company's inventory |