need help with exercise E9-3

chopter Inventories: Additional Valuation Issues D D EM The inventory ofOhetocompanyon Part NO. Quantity Unit Cost ReeaCO unit S too (a) Determine the inventory Of December 31.2013, by the applying this method directly to each item. (b) Determine the inventory by the lower-of-cost-or-market method, applying to the total Of the D D E92 Riegel C'_mpany use-S the method, on individual-item basis, in pricing its items. The inventory at December 31, 2013, consists Of products D, E, E C. H, and I. Relevant per-unit data for these products appear below. $120 Sito Selling Normal t Instructions Using the lower-of-cost-or-market rule, determine the proper unit value for balance sheet reporting pur- poses at December 31, 2013, for each of the inventory items above. D E9-3 (Lower-of-Cust-or-Market) Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost Cty-npletion Normal f 437 '510 1522 15'3 1626 Instructions Cuantity 1 zoo 1 ,ooo per unit $3.20 Cost to Replace $3.00 3.70 3.10 2.70 1.60 5.20 Estimati Selling Price 5.00 3.20 3.25 2.50 6.00 and Disposal So. 35 0.45 0.80 0.40 0.75 0.50 Sl .25 0.50 o. 90 0.60 From the information above, determine the amount of Seda to Company's inventory. O D E9-4 (Lower-of-cost-or-MarketJourna1 Entries) Dover Company began operations in 2012 and deter- mined its ending inventory at cost and at lower-of-cost-or-market at December 31, 2012, and December 31, 2013, This information is presented below. 12/31/12 12/31/13 Cost $346,000 410.000 Lower-of-cost-or-Market $322,000 390,000