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QUESTIONS Presented below are data relative to the December 31, 2019 inventory of Lampard Company Number Units Original Cost Current Item in Inventory Per Unit
QUESTIONS Presented below are data relative to the December 31, 2019 inventory of Lampard Company Number Units Original Cost Current Item in Inventory Per Unit Replacement Cost 3,000 $1.09 $1.08 B 3,000 1 30 1.15 3.000 150 1 05 Selling price is $2.00/unit for all items. Disposal costs amount to 10% of selling price and a "normal" profit is 35% of selling price.it Lampard is using LIFO how much total inventory should it report on December 31, 2019 10,020 11,670 10.050 9,920
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