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edato 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
edato 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 | 1,200 | $3.2 | $3 | $4.5 | $0.35 | $1.25 | ||||||||||||
1333 | 900 | 2.7 | 2.3 | 3.5 | 0.5 | 0.5 | ||||||||||||
1426 | 800 | 4.5 | 3.7 | 5 | 0.4 | 1 | ||||||||||||
1437 | 1,000 | 3.6 | 3.1 | 3.2 | 0.25 | 0.9 | ||||||||||||
1510 | 700 | 2.25 | 2 | 3.25 | 0.8 | 0.6 | ||||||||||||
1522 | 500 | 3 | 2.7 | 3.8 | 0.4 | 0.5 | ||||||||||||
1573 | 3,000 | 1.8 | 1.6 | 2.5 | 0.75 | 0.5 | ||||||||||||
1626 | 1,000 | 4.7 | 5.2 | 6 | 0.5 | 1 |
From the information above, determine the amount of Sedato Company inventory.
The amount of Sedato Companys inventory |
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