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Larkspur 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
Larkspur 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 | 1,300 | $3.74 | $3.51 | $5.27 | $0.41 | $1.46 | ||||||||||||
1333 | 1,000 | 3.16 | 2.69 | 4.10 | 0.59 | 0.59 | ||||||||||||
1426 | 900 | 5.27 | 4.33 | 5.85 | 0.47 | 1.17 | ||||||||||||
1437 | 1,100 | 4.21 | 3.63 | 3.74 | 0.29 | 1.05 | ||||||||||||
1510 | 800 | 2.63 | 2.34 | 3.80 | 0.94 | 0.70 | ||||||||||||
1522 | 600 | 3.51 | 3.16 | 4.45 | 0.47 | 0.59 | ||||||||||||
1573 | 3,100 | 2.11 | 1.87 | 2.93 | 0.88 | 0.59 | ||||||||||||
1626 | 1,100 | 5.50 | 6.08 | 7.02 | 0.59 | 1.17 |
From the information above, determine the amount of Larkspur Company inventory.
The amount of Larkspur Companys inventory |
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