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 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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