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see attachment for question From the information above, determine the amount of Sheridan Company inventory. The amount of Sheridan Company's inventory Sheridan Company follows the
see attachment for question From the information above, determine the amount of Sheridan Company inventory.
The amount of Sheridan Company's inventory
Sheridan Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Cost per Quantity Unit Cost to Estimated Cost of Completion Normal Replace Selling Price and Disposal Profit $0.4 $1.5 4 6 $4.0 $3.7 0 5 1333 1,400 3.38 2.88 4.38 0.63 0.63 1426 1,300 5.63 4.63 6.25 0.50 1.25 1437 1,500 4.50 3.88 4.00 0.31 1.13 1510 1,200 2.81 2.50 4.06 1.00 0.75 1522 1,000 3.75 3.38 4.75 0.50 0.63 1573 3,500 2.25 2.00 3.13 0.94 0.63 1626 1,500 5.88 6.50 7.50 0.63 1.25 1320 1,700 $5.63 From the information above, determine the amount of Sheridan Company inventory. The amount of Sheridan Company's inventoryStep by Step Solution
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