Question: Presented below are data relative to the December 31, 2019 inventory of Lampard Company: Number Units Original Cost Current Item in Inventory Per Unit Replacement

 Presented below are data relative to the December 31, 2019 inventory

Presented below are data relative to the December 31, 2019 inventory of Lampard Company: Number Units Original Cost Current Item in Inventory Per Unit Replacement Cost A 3,000 $1.09 $1.08 B 3,000 1.30 1.15 3,000 1.50 1.05 Selling price is $2.00/unit for all items. Disposal costs amount to 10% of selling price and a "normal" profit is 35% of selling price. If Lampard is using LIFO, how much total inventory should it report on December 31, 2019? O 10,020 O 11,670 10,050 9,920

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