{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T03:49:48-04:00", "answer_date": "2024-06-28 03:49:48", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4235464", "url": "\/study-help\/questions\/exercise-97-marin-company-follows-the-practice-of-pricing-its-4235464", "question_creation_date_js": "2024-06-28T03:49:48-04:00", "question_creation_date": "Jun 28, 2024 03:49 AM", "meta_title": "[Solved] Exercise 9-7 Marin Company follows the pr | SolutionInn", "meta_description": "Answer of - Exercise 9-7 Marin Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individ | SolutionInn", "meta_keywords": "exercise,9-7,marin,company,practice,pricing,inventory,lower--cost--market,individual-item,basis,item,quantity", "question_title_h1": "Exercise 9-7 Marin 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", "question_title": "Exercise 9-7 Marin Company follows the practice of pricing its inventory at", "question_title_for_js_snippet": "Exercise 9 7 Marin 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 Marin Company inventory The amount of Marin Companys inventory $", "question_description": "Exercise 9-7
Marin Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.<\/p>
<\/p>
Item No. <\/td> | Quantity <\/td> | Cost per Unit <\/td> | Cost to Replace <\/td> | Estimated Selling Price <\/td> | Cost of Completion and Disposal <\/td> | Normal Profit <\/td> <\/tr> | ||
1320<\/td> | 1,900<\/td> | $3.62<\/td> | $3.39<\/td> | $5.09<\/td> | $0.40<\/td> | $1.41<\/td> <\/tr> | ||
1333<\/td> | 1,600<\/td> | 3.05<\/td> | 2.60<\/td> | 3.96<\/td> | 0.57<\/td> | 0.57<\/td> <\/tr> | ||
1426<\/td> | 1,500<\/td> | 5.09<\/td> | 4.18<\/td> | 5.65<\/td> | 0.45<\/td> | 1.13<\/td> <\/tr> | ||
1437<\/td> | 1,700<\/td> | 4.07<\/td> | 3.50<\/td> | 3.62<\/td> | 0.28<\/td> | 1.02<\/td> <\/tr> | ||
1510<\/td> | 1,400<\/td> | 2.54<\/td> | 2.26<\/td> | 3.67<\/td> | 0.90<\/td> | 0.68<\/td> <\/tr> | ||
1522<\/td> | 1,200<\/td> | 3.39<\/td> | 3.05<\/td> | 4.29<\/td> | 0.45<\/td> | 0.57<\/td> <\/tr> | ||
1573<\/td> | 3,700<\/td> | 2.03<\/td> | 1.81<\/td> | 2.83<\/td> | 0.85<\/td> | 0.57<\/td> <\/tr> | ||
1626<\/td> | 1,700<\/td> | 5.31<\/td> | 5.88<\/td> | 6.78<\/td> | 0.57<\/td> | 1.13<\/td> <\/tr> <\/tbody><\/table> <\/p> From the information above, determine the amount of Marin Company inventory.<\/p> <\/p>
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