{ "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>
The amount of Marin Companys inventory<\/td> $ <\/td> <\/tr><\/tbody><\/table>", "transcribed_text": "", "related_book": { "title": "Global Strategy", "isbn": "0357512367, 978-0357512364", "edition": "5th Edition", "authors": "Mike W. Peng", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/649592eaa157d_32303.jpg", "uri": "\/textbooks\/global-strategy-5th-edition-9780357512364", "see_more_uri": "" }, "free_related_book": { "isbn": "1440151148", "uri": "\/textbooks\/investing-for-income-the-retirement-dilemma-1st-edition-978-1440151149-259081", "name": "Investing For Income The Retirement Dilemma", "edition": "1st Edition" }, "question_posted": "2024-06-28 03:49:48", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/are-younger-workers-less-likely-to-stay-with-their-jobs", "description": "Are younger workers less likely to stay with their jobs? To help answer this question, a random sample of workers was selected. All were asked to report their ages and how many months they had been...", "stars": 3 }, { "url": "\/study-help\/psychology\/tell-me-what-you-know-about-our-organization-and-the-1980731", "description": "Tell me what you know about our organization and the position.", "stars": 3 }, { "url": "\/a-company-that-manufactures-paving-material-for-driveways-and-parking", "description": "A company that manufactures paving material for driveways and parking lots expects the following demand for its product for the next four weeks: The companys labor and machine standards and available...", "stars": 3 }, { "url": "\/study-help\/questions\/please-help-with-two-and-so-on-9842893", "description": "Please help with two and so on", "stars": 3 }, { "url": "\/study-help\/questions\/stock-r-has-a-beta-of-24-stock-s-has-9317078", "description": "Stock R has a beta of 2.4, Stock S has a beta of 0.60, the expected rate of return on an average stock is 10%, and he the risk-free 4 . does the required return on the riskier stock exceed that on...", "stars": 3 }, { "url": "\/study-help\/questions\/walk-talk-inc-makes-walkie-talkies-handheld-portable-1035065", "description": "Walk & Talk Inc. makes walkie talkies - handheld, portable, two-way radio transceivers. They are used in setting where mobile phone communication may be costly or impractical, including outdoor...", "stars": 3 }, { "url": "\/study-help\/questions\/question-17-assume-that-a-firm-has-ebit-of-15584650-1056990", "description": "Question 17 Assume that a firm has EBIT of $15,584,650, a tax rate of 40.0 percent, total invested capital of $68,600,000, and a weighted average cost of capital (WACC) of 12.904 percent. Given this...", "stars": 3 }, { "url": "\/study-help\/questions\/how-do-the-following-situations-illustrate-the-features-of-psychological-1025441", "description": "How do the following situations illustrate the features of psychological egoism and\/or ethical egoism, or how do they illustrate the limitations and challenges to psychological egoism and ethical...", "stars": 3 }, { "url": "\/study-help\/questions\/differentiate-the-function-x-1-1050455", "description": "differentiate the function ( x + 1 ) \/ ( x ^ 3 + x - 6 )", "stars": 3 }, { "url": "\/study-help\/questions\/for-a-voltage-v210-sin-170xt-find-the-rootmeansquare-voltage-995970", "description": "For a voltage V-210 sin 170xt, find the root-mean-square voltage for one period. Vrms = (Round to the nearest integer as needed.)", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/the-following-is-the-sales-budget-for-shleifer-inc-for-4235463", "next": "\/study-help\/questions\/hello-i-need-help-with-the-question-2-this-4235465" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Exercise 9-7 Marin Company follows the practice of pricing its inventory at", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/exercise-97-marin-company-follows-the-practice-of-pricing-its-4235464" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }t_id": "1" } }