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 ? |
Vaughn 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 | 1,900 | $3.62 | $3.39 | $5.09 | $0.40 | $1.41 | ||||||||||||
1333 | 1,600 | 3.05 | 2.60 | 3.96 | 0.57 | 0.57 | ||||||||||||
1426 | 1,500 | 5.09 | 4.18 | 5.65 | 0.45 | 1.13 | ||||||||||||
1437 | 1,700 | 4.07 | 3.50 | 3.62 | 0.28 | 1.02 | ||||||||||||
1510 | 1,400 | 2.54 | 2.26 | 3.67 | 0.90 | 0.68 | ||||||||||||
1522 | 1,200 | 3.39 | 3.05 | 4.29 | 0.45 | 0.57 | ||||||||||||
1573 | 3,700 | 2.03 | 1.81 | 2.83 | 0.85 | 0.57 | ||||||||||||
1626 | 1,700 | 5.31 | 5.88 | 6.78 | 0.57 | 1.13 |
From the information above, determine the amount of Vaughn Company inventory.
The amount of Vaughn Companys inventory? |
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