Coronado 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 1,300 $3 23 $3 03 $4 55 $0 35 $1 26 1333 1,000 2 73 2 ...

Answer To determine the amount of Coronado Companys inventory we need to compare the cos ...

Coronado Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item

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Coronado 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	1,300	$3.23	$3.03	$4.55	$0.35	$1.26
1333	1,000	2.73	2.32	3.54	0.51	0.51
1426	900	4.55	3.74	5.05	0.40	1.01
1437	1,100	3.64	3.13	3.23	0.25	0.91
1510	800	2.27	2.02	3.28	0.81	0.61
1522	600	3.03	2.73	3.84	0.40	0.51
1573	3,100	1.82	1.62	2.53	0.76	0.51
1626	1,100	4.75	5.25	6.06	0.51	1.01