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Exercise 9-07 Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. 1320 1333 1426 Estimated Selling
Exercise 9-07 Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. 1320 1333 1426 Estimated Selling Price $5.45 4.24 Cost per Unit $3.87 3.27 5.45 4.36 2.72 3.63 2.18 5.69 Cost to Replace $3.63 2.78 4.48 3.75 Quantity 1,500 1,200 1,100 1,300 1,000 800 3,300 1,300 6.05 Cost of Completion and Disposal $0.42 0.61 0.48 0.30 0.97 0.48 0.91 0.61 Normal Profit $1.51 0.61 1.21 1.09 0.73 0.61 1437 2.42 3.87 3.93 4.60 1510 1522 1573 1626 3.27 1.94 6.29 0.61 3.03 7.26 1.21 From the information above, determine the amount of Kingbird Company inventory. The amount of Kingbird Company's inventory LINK TO TEXT
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