Splish Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
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Splish Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Unit $3.97 3.35 5.58 Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1.600 1,300 1.200 1,400 1,100 900 3,400 1.400 4.46 279 3.72 2.23 5.83 Cost to Replace $3.72 10 2.85 The amount of Splish Company's inventory $ 4.59 3.84 2.48 3.35 1.98 6.45 Estimated Selling Price $5.58 4.34 6.20 3.97 4.03 4.71 3.10 From the information above, determine the amount of Splish Company inventory. 7.44 Cost of Completion and Disposal $0.43 0.62 0.50 0.31 0.99 0.50 0.93 0.62 Normal Profit $1.55 0.62 1.24 1.12 0.74 0.62 0.62 1.24 Splish Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Unit $3.97 3.35 5.58 Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1.600 1,300 1.200 1,400 1,100 900 3,400 1.400 4.46 279 3.72 2.23 5.83 Cost to Replace $3.72 10 2.85 The amount of Splish Company's inventory $ 4.59 3.84 2.48 3.35 1.98 6.45 Estimated Selling Price $5.58 4.34 6.20 3.97 4.03 4.71 3.10 From the information above, determine the amount of Splish Company inventory. 7.44 Cost of Completion and Disposal $0.43 0.62 0.50 0.31 0.99 0.50 0.93 0.62 Normal Profit $1.55 0.62 1.24 1.12 0.74 0.62 0.62 1.24
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Determine the amount of Splish Companys inventory Item 1320 Cost per unit 397 Market value 372 Cost ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
Posted Date:
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