-0- 35+ 90+ 80- Amco, Inc. manufactures stereo turntables in the United States. It reports its financial information on a calendar year basis. For its FY 2020 it shows the following per unit information for its turntables: Inventory January 1 Components and Materials Purchased FY 2020 $125 Transportation of Components to Amco's Factory Insurance on Components and Materials Pending Delivery 10 Labor to Assemble Components into Finished Turntables Office Overhead Related to Manufacture 30- Marketing Costs Storage of Materials and Work in Process 10+ Storage of Finished Goods Security & Insurance for Finished Goods 10+ Amco's Target Sales Price Inventory Costing Method Used Specific Identification- There are no sales during FY 2020. There is no work in process as of 12/31/2020. Assuming no other information is available or relevant, what is the DOLLAR VALUE of Amco's 1. Per unit inventory as of 12/31/2020? 2. Assuming the above and that Amco determines as of December 31 there is insufficient demand for its turntables and sets a new target sales price of $310 per unit, what is the DOLLAR VALUE of Amco's per unit inventory as of 12/31/2020? 10+ 500 3. Assuming the above and that Amco determines as of December 31 there is insufficient demand for its turntables and sets a new target sales price of $280 per unit, what is the DOLLAR VALUE of Amco's per unit inventory as of 12/31/2020? 4. Assuming the above, that Amco has determined as of December 31, 2020 there is insufficient demand for its turntables and sets a new target sales price of $250 per unit, and that during FY 2021, Amco has determined that demand for turntables has increased and sets a new target per unit sales price of $400, what will the likely DOLLAR VALUE of Amco's per unit inventory be as of 12/31/2021? 5. What would the answer to Question 13 be (also assuming US dollars and Euros are trading at parity) if Amco were headquartered and operating instead in Hamburg, Germany? -0- 35+ 90+ 80- Amco, Inc. manufactures stereo turntables in the United States. It reports its financial information on a calendar year basis. For its FY 2020 it shows the following per unit information for its turntables: Inventory January 1 Components and Materials Purchased FY 2020 $125 Transportation of Components to Amco's Factory Insurance on Components and Materials Pending Delivery 10 Labor to Assemble Components into Finished Turntables Office Overhead Related to Manufacture 30- Marketing Costs Storage of Materials and Work in Process 10+ Storage of Finished Goods Security & Insurance for Finished Goods 10+ Amco's Target Sales Price Inventory Costing Method Used Specific Identification- There are no sales during FY 2020. There is no work in process as of 12/31/2020. Assuming no other information is available or relevant, what is the DOLLAR VALUE of Amco's 1. Per unit inventory as of 12/31/2020? 2. Assuming the above and that Amco determines as of December 31 there is insufficient demand for its turntables and sets a new target sales price of $310 per unit, what is the DOLLAR VALUE of Amco's per unit inventory as of 12/31/2020? 10+ 500 3. Assuming the above and that Amco determines as of December 31 there is insufficient demand for its turntables and sets a new target sales price of $280 per unit, what is the DOLLAR VALUE of Amco's per unit inventory as of 12/31/2020? 4. Assuming the above, that Amco has determined as of December 31, 2020 there is insufficient demand for its turntables and sets a new target sales price of $250 per unit, and that during FY 2021, Amco has determined that demand for turntables has increased and sets a new target per unit sales price of $400, what will the likely DOLLAR VALUE of Amco's per unit inventory be as of 12/31/2021? 5. What would the answer to Question 13 be (also assuming US dollars and Euros are trading at parity) if Amco were headquartered and operating instead in Hamburg, Germany