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Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Selling Price Cost of Cost Completion and Disposal
Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Selling Price Cost of Cost Completion and Disposal Normal Profit Item Cost to per Unit Replace Quantity No. $3.2 $3 $4.5 $0.35 $1.25 1320 1,200 1333 900 2.7 2.3 3.5 0.5 0.5 1426 800 4.5 3.7 0.4 1 3.1 1437 3.2 0.9 1,000 3.6 0.25 1510 700 2.25 2 3.25 0.8 0.6 1522 500 2.7 3.8 0.4 0.5 3,000 1573 1.8 1.6 2.5 0.75 0.5 0.5 1626 1,000 4.7 5.2 1 From the information above, determine the amount of Sedato Company inventory. The amount of Sedato Company's inventory Ln Ln
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