A).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 -0-

Components and Materials Purchased FY 2020 -$125

Transportation of Components to Amcos Factory -35

Insurance on Components and Materials Pending Delivery -10

Labor to Assemble Components into Finished Turntables- 90

Office Overhead Related to Manufacture -30

Marketing Costs- 80

Storage of Materials and Work in Process- 10

Storage of Finished Goods- 10

Security & Insurance for Finished Goods -10

Amcos Target Sales Price- 500

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 Amcos

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 Amcos per unit inventory as of 12/31/2020? ______________________________

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 Amcos 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 Amcos per unit inventory be as of 12/31/2021? ____________________________

5. What would the answer to Question 4 be (also assuming US dollars and Euros are trading at parity) if Amco were headquartered and operating instead in Hamburg, Germany? ___________________________