Question
Blue Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Blue 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 |
1,500 | $3.90 | $3.66 | $5.49 | $0.43 | $1.53 | ||||||||||||
|
1333 |
1,200 | 3.29 | 2.81 | 4.27 | 0.61 | 0.61 | ||||||||||||
|
1426 |
1,100 | 5.49 | 4.51 | 6.10 | 0.49 | 1.22 | ||||||||||||
|
1437 |
1,300 | 4.39 | 3.78 | 3.90 | 0.31 | 1.10 | ||||||||||||
|
1510 |
1,000 | 2.75 | 2.44 | 3.97 | 0.98 | 0.73 | ||||||||||||
|
1522 |
800 | 3.66 | 3.29 | 4.64 | 0.49 | 0.61 | ||||||||||||
|
1573 |
3,300 | 2.20 | 1.95 | 3.05 | 0.92 | 0.61 | ||||||||||||
|
1626 |
1,300 | 5.73 | 6.34 | 7.32 | 0.61 | 1.22 | ||||||||||||
From the information above, determine the amount of Blue Company
inventory.
| What is the amount of Blue Company’s inventory? |
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
Exercise 9-7 Metlock Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an...
Exercise 9-7
Metlock 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
1,500
$3.90
$3.66
$5.49
$0.43
$1.53
1333
1,200
3.29
2.81
4.27
0.61
0.61
1426
1,100
5.49
4.51
6.10
0.49
1.22
1437
1,300
4.39
3.78
3.90
0.31
1.10
1510
1,000
2.75
2.44
3.97
0.98
0.73
1522
800
3.66
3.29
4.64
0.49
0.61
1573...
Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Kingbird 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 1,500 $3.87
$3.63 $5.45 $0.42 $1.51 1333 1,200 3.27 2.78 4.24 0.61 0.61 1426
1,100 5.45 4.48 6.05 0.48 1.21 1437 1,300 4.36 3.75 3.87 0.30 1.09
1510 1,000 2.72 2.42 3.93 0.97 0.73 1522 800 3.63 3.27 4.60 0.48
0.61 1573 3,300 2.18...
Pronghorn Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Pronghorn 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
1,500
$3.87
$3.63
$5.45
$0.42
$1.51
1333
1,200
3.27
2.78
4.24
0.61
0.61
1426
1,100
5.45
4.48
6.05
0.48
1.21
1437
1,300
4.36
3.75
3.87
0.30
1.09
1510
1,000
2.72
2.42
3.93
0.97
0.73
1522
800
3.63
3.27
4.60
0.48
0.61
1573
3,300
2.18...
Wildhorse Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Wildhorse 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
1,600
$3.97
$3.72
$5.58
$0.43
$1.55
1333
1,300
3.35
2.85
4.34
0.62
0.62
1426
1,200
5.58
4.59
6.20
0.50
1.24
1437
1,400
4.46
3.84
3.97
0.31
1.12
1510
1,100
2.79
2.48
4.03
0.99
0.74
1522
900
3.72
3.35
4.71
0.50
0.62
1573
3,400
2.23...
Skysong Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Skysong 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
1,500
$3.39
$3.18
$4.77
$0.37
$1.33
1333
1,200
2.86
2.44
3.71
0.53
0.53
1426
1,100
4.77
3.92
5.30
0.42
1.06
1437
1,300
3.82
3.29
3.39
0.27
0.95
1510
1,000
2.39
2.12
3.45
0.85
0.64
1522
800
3.18
2.86
4.03
0.42
0.53
1573
3,300
1.91...
Larkspur Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Larkspur 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 1,600 $3.97
$3.72 $5.58 $0.43 $1.55 1333 1,300 3.35 2.85 4.34 0.62 0.62 1426
1,200 5.58 4.59 6.20 0.50 1.24 1437 1,400 4.46 3.84 3.97 0.31 1.12
1510 1,100 2.79 2.48 4.03 0.99 0.74 1522 900 3.72 3.35 4.71 0.50
0.62 1573 3,400 2.23...
Wildhorse Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Wildhorse 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
$3.78
$3.54
$5.31
$0.41
$1.48
1333
1,000
3.19
2.71
4.13
0.59
0.59
1426
900
5.31
4.37
5.90
0.47
1.18
1437
1,100
4.25
3.66
3.78
0.30
1.06
1510
800
2.66
2.36
3.84
0.94
0.71
1522
600
3.54
3.19
4.48
0.47
0.59
1573
3,100
2.12...
Stellar Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Stellar 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...
Whispering Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Whispering 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 $3.26 $3.06 $4.59 $0.36 $1.28
1333 1,000 2.75 2.35 3.57 0.51 0.51
1426 900 4.59 3.77 5.10 0.41 1.02
1437 1,100 3.67 3.16 3.26 0.26 0.92
1510 800 2.30 2.04 3.32 0.82 0.61
1522 600 3.06 2.75 3.88 0.41 0.51
1573 3,100 1.84...
Alan Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item...
Alan Company follows the practice of pricing its inventory at
LCNRV, on an individual-item basis.
Item No.
Quantity
Cost per Unit
Estimated Selling Price
Cost to Complete and Sell
1320
1,200
$3.20
$4.50
$1.60
1333
900
2.70
3.40
1.00
1426
800
4.50
5.00
1.40
1437
1,000
3.60
3.20
1.35
1510
700
2.25
3.25
1.40
1522
500
3.00
3.90
0.80
1573
3,000
1.80
2.50
1.20
1626
1,000
4.70
6.00
1.50
Instructions
From the information above, determine the amount of Sedato
Company...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 2 minutes ago
asked 5 minutes ago
asked 7 minutes ago
asked 11 minutes ago
asked 17 minutes ago
asked 19 minutes ago
asked 31 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago
asked 2 hours ago