Question
Bridgeport 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
Bridgeport 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 | 1,300 | $3.49 | $4.91 | $1.74 | ||||
| 1333 | 1,000 | 2.94 | 3.71 | 1.09 | ||||
| 1426 | 900 | 4.91 | 5.45 | 1.53 | ||||
| 1437 | 1,100 | 3.92 | 3.49 | 1.47 | ||||
| 1510 | 800 | 2.45 | 3.54 | 1.53 | ||||
| 1522 | 600 | 3.27 | 4.25 | 0.87 | ||||
| 1573 | 3,100 | 1.96 | 2.73 | 1.31 | ||||
| 1626 | 1,100 | 5.12 | 6.54 | 1.64 |
From the information above, determine the amount of Bridgeport Company inventory.
| The amount of Bridgeport Companys inventory ? |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
