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Wildhorse 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
Wildhorse 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 | 1,300 | $3.78 | $3.54 | $5.31 | $0.41 | $1.48 | ||||||||||||
1333 | 1,000 | 3.19 | 2.71 | 4.13 | 0.59 | 0.59 | ||||||||||||
1426 | 900 | 5.31 | 4.37 | 5.90 | 0.47 | 1.18 | ||||||||||||
1437 | 1,100 | 4.25 | 3.66 | 3.78 | 0.30 | 1.06 | ||||||||||||
1510 | 800 | 2.66 | 2.36 | 3.84 | 0.94 | 0.71 | ||||||||||||
1522 | 600 | 3.54 | 3.19 | 4.48 | 0.47 | 0.59 | ||||||||||||
1573 | 3,100 | 2.12 | 1.89 | 2.95 | 0.89 | 0.59 | ||||||||||||
1626 | 1,100 | 5.55 | 6.14 | 7.08 | 0.59 | 1.18 |
From the information above, determine the amount of Wildhorse Company inventory?
The amount of Wildhorse Companys inventory | $enter the dollar amount of Wildhorse Company's inventory |
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