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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 |
Question 5 View Policies Show Attempt History Current Attempt in Progress Wildhorse 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 Completion and Disposal Item No. Quantity Cost per Unit Cost to Replace 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 Company's inventory $
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