Question
Tamarisk Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Tamarisk 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 |
2,000 | $3.71 | $3.48 | $5.22 | $0.41 | $1.45 | ||||||||||||
|
1333 |
1,700 | 3.13 | 2.67 | 4.06 | 0.58 | 0.58 | ||||||||||||
|
1426 |
1,600 | 5.22 | 4.29 | 5.80 | 0.46 | 1.16 | ||||||||||||
|
1437 |
1,800 | 4.18 | 3.60 | 3.71 | 0.29 | 1.04 | ||||||||||||
|
1510 |
1,500 | 2.61 | 2.32 | 3.77 | 0.93 | 0.70 | ||||||||||||
|
1522 |
1,300 | 3.48 | 3.13 | 4.41 | 0.46 | 0.58 | ||||||||||||
|
1573 |
3,800 | 2.09 | 1.86 | 2.90 | 0.87 | 0.58 | ||||||||||||
|
1626 |
1,800 | 5.45 | 6.03 | 6.96 | 0.58 | 1.16 | ||||||||||||
From the information above, determine the amount of Tamarisk
Company inventory.
| The amount of Tamarisk Company’s inventory |
$enter the dollar amount of Tamarisk Company's inventory |
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