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Oriole 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
Oriole 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 | 1,400 | $3.84 | $3.60 | $5.40 | $0.42 | $1.50 | ||||||||||||
1333 | 1,100 | 3.24 | 2.76 | 4.20 | 0.60 | 0.60 | ||||||||||||
1426 | 1,000 | 5.40 | 4.44 | 6.00 | 0.48 | 1.20 | ||||||||||||
1437 | 1,200 | 4.32 | 3.72 | 3.84 | 0.30 | 1.08 | ||||||||||||
1510 | 900 | 2.70 | 2.40 | 3.90 | 0.96 | 0.72 | ||||||||||||
1522 | 700 | 3.60 | 3.24 | 4.56 | 0.48 | 0.60 | ||||||||||||
1573 | 3,200 | 2.16 | 1.92 | 3.00 | 0.90 | 0.60 | ||||||||||||
1626 | 1,200 | 5.64 | 6.24 | 7.20 | 0.60 | 1.20 |
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