Sedato Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Instructions From

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Sedato Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

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From the information above, determine the amount of Sedato Company inventory.

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Related Book For answer-question

Intermediate Accounting

ISBN: 978-1119503668

17th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel

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Question Posted: Nov 26, 2019 06:45 AM

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Sedato Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Instructions From

Question:

Estimated Selling Price Cost to Complete and Sell Cost per Unit Item No. Quantity 1,200 $3.20 2.70 4.50 3.60 2.25 3.00 $4.50 3.40 5.00 3.20 3.25 3.90 2.50 $1.60 1320 1333 1426 1437 1510 1522 1573 1626 900 1.00 1.40 1.35 800 1,000 700 1.40 500 0.80 3,000 1.80 4.70 1.20 6.00 1,000 1.50

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450 160 290 Item No 1320 1333 1426 1437 1510 1522 1573 1626 Co...View the full answer

Intermediate Accounting

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