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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

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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 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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