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If you could show calculations I would great appreciate it or show me the formula on how to get answer. Marin Company follows the practice
If you could show calculations I would great appreciate it or show me the formula on how to get answer.
Marin Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Item No. Quantit y 1320 2,000 $3.68 $3.45 $5.18 $0.40 $1.44 1333 1,700 3.11 2.65 4.03 0.58 0.58 1426 1,600 5.18 4.26 5.75 0.46 1.15 1437 1,800 4.14 3.57 3.68 0.29 1.04 1510 1,500 2.59 2.30 3.74 0.92 0.69 1522 1,300 3.45 3.11 4.37 0.46 0.58 1573 3,800 2.07 1.84 2.88 0.86 0.58 1626 1,800 5.41 5.98 6.90 0.58 1.15 From the information above, determine the amount of Marin Company inventory. $ The amount of Marin Company's inventory Normal ProfitStep by Step Solution
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