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What is the amount of Skysong Company's inventory? Skysong Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost
What is the amount of Skysong Company's inventory?
Skysong Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Item No. Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit Quantity Unit 1320 1,500 $3.39 $3.18 $4.77 $0.37 $1.33 1333 1,200 2.86 2.44 3.71 0.53 0.53 1426 1.100 4.77 3.92 5.30 0.42 1.06 1437 1,300 3.82 3.29 3.39 0.27 0.95 1510 1,000 2.39 2.12 3.45 0.85 0.64 1522 800 3.18 2.86 4.03 0.42 0.53 1573 3,300 1.91 1.70 2.65 0.80 0.53 1626 1,300 4.98 5.51 6.36 0.53 1.06 From the information above, determine the amount of Skysong Company inventory. The amount of Skysong Company's inventory $Step by Step Solution
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