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please help. ive been stuck on this problen for 45 minutes and i just cant figure out which one is DMV and Final Inventory value
please help. ive been stuck on this problen for 45 minutes and i just cant figure out which one is DMV and Final Inventory value
Policies rent Attempt in Progress Vindsor Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Cost per Unit Quantity Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit 1320 1,600 $3.46 $3.24 $4.86 $0.38 $1.35 1333 1.300 2.92 248 3.78 0.54 0.54 1426 1,200 4.86 4.00 5.40 0.43 1.08 1437 1,400 3.89 3.35 3.46 0.27 0.97 TO 11 1,100 2,43 1510 2.16 3.51 0.86 0.65 12 13 1522 900 0.54 3.24 2.92 0.43 4.10 081 3,400 1.73 2.70 0.54 1573 1.94 15 16 1.08 5.OB 5.62 6.48 0.54 1626 1.400 18 19 From the information above, determine the amount of Windsor Company inventory The amount of Windsor Company's inventory Attempts of use 5 D E G 2 Windsor Company follows the practice of pricing its inventory at the lower of contormarket, on an individualembut Cost per Normal Prot WAN OZEL BES BEOS SCIS SO CES Estimate Cost of Hem No Gorantity Cost to HV MN Complet Unit Replace a Seling RVP Price PO) on and 1,000 5346 Disposal SUNG S64 1331 $3.13 1,300 20 26 3. $8.4 054 $2.0 1426 1,200 4.16 54 $45 0:43 1437 1.400 3 1.46 $3.19 021 $ 1510 1,100 24 2.1 151 $2.5 085 $2.00 1522 29 043 33.1 1573 KADO 150 13 2.7 1626 TADO 10 44 5554 546 $5,516.00 5396.00 $5.832.00 $5.446 2 NES cos 1 OK 897 065 Replacement Cou NAVICERING MO $5110 3.S.COSSO SUOSIUS SHADO SKO SLO SLO $2376 $2.915.000 S. DOWS Neves 000 VEL 1 50 SO 11 SE IS HO SO 52,9160 SAS 37117.00 TO BOR 33 16 11 How Lower-of-Cost-or-Market Works Food Spinach Carrots Cut beans Peas Mixed vegetables Cost $ 80,000 100,000 50,000 90,000 Replacement Cost $ 88,000 90,000 45,000 36,000 Net Realizable Value (Ceiling $120,000 100,000 40,000 72,000 Net Realizable Value Lessa Normal Profit Margin (Floor) $104,000 70,000 27.500 48,000 Designated Market Value 5104.000 90.000 40,000 48.000 Find Inventory Value 5 80.000 00.000 40,000 48.000 105,000 80,000 32.000 95,000 $415,000 92,000 $65,000 92,000 $350,000 102 Low Step by Step Solution
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