lower-of-cost-or-market

Project Description:

sedato 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
1,200



$4.67


$4.38


$6.57



$0.51



$1.83



1333
900



3.94


3.36


4.96



0.73



0.73



1426
800



6.57


5.40


7.30



0.58



1.46



1437
1,000



5.26


4.53


4.67



0.66



1.31



1510
700



3.29


2.92


4.75



1.17



0.88



1522
500



4.38


3.94


5.69



0.58



0.73



1573
3,000



2.63


2.34


3.65



1.10



0.73



1626
1,000



6.86


7.59


8.76



0.73



1.46




from the information above, determine the amount of sedato company inventory.

inventory $
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
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