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Sarasota 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
Sarasota 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 | 1,600 | $3.42 | $3.21 | $4.82 | $0.37 | $1.34 | ||||||||||||
1333 | 1,300 | 2.89 | 2.46 | 3.75 | 0.54 | 0.54 | ||||||||||||
1426 | 1,200 | 4.82 | 3.96 | 5.35 | 0.43 | 1.07 | ||||||||||||
1437 | 1,400 | 3.85 | 3.32 | 3.42 | 0.27 | 0.96 | ||||||||||||
1510 | 1,100 | 2.41 | 2.14 | 3.48 | 0.86 | 0.64 | ||||||||||||
1522 | 900 | 3.21 | 2.89 | 4.07 | 0.43 | 0.54 | ||||||||||||
1573 | 3,400 | 1.93 | 1.71 | 2.68 | 0.80 | 0.54 | ||||||||||||
1626 | 1,400 | 5.03 | 5.56 | 6.42 | 0.54 | 1.07 |
From the information above, determine the amount of Sarasota Company inventory.
The amount of Sarasota Companys inventory : $ |
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