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please answer these questions. every box please Current Attempt in Progress Whispering Company follows the practice of pricing its inventory at LCNRV, on an individual
please answer these questions. every box please
Current Attempt in Progress Whispering Company follows the practice of pricing its inventory at LCNRV, on an individual item basis. Item No. Quantity Cost per Unit Estimated Selling Price Cost to Complete and Sell 1320 1,500 $3.55 $5.00 $1.78 1333 1.200 3.00 3.77 1.11 1426 1,100 5.00 5.55 1.55 1437 1.300 4.00 3.55 1.50 1510 1.000 2.50 3.61 .55 1522 800 3.33 4.33 0.89 1573 3.300 2.00 2.78 1.33 1626 1.300 5.22 6.66 1.67 From the information above, determine the amount of Whispering Company inventory. The amount of Whispering Company's inventory $ - / 12.5 = View Policies Current Attempt in Progress Sheffield Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Lumber 25% Millwork 30% Hardware and fittings 40% On August 18, a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facts from the general ledger, which was kept in a fireproof vault and thus escaped destruction Lumber Millwork Hardware $250,400 $90,800 $45,800 Inventory, Jan. 1. 2020 Purchases to Aug 18, 2020 Sales to Aug 18, 2020 1,499.100 380,500 158.000 2,093,500 479.700 198,800 Submit your estimate of the inventory amounts immediately preceding the fire (Round ratios for computational purposes to 5 decimal places, e.s. 78.74265% and final answers to decimal places, es 28,987) Lumber Millwork Hardware Inventory 5 Step by Step Solution
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