Answer:
$24,110
Step-by-step explanation:
From the given information, we have:
Item No. Quantity Cost per Unit Cost to Replace Estimated Selling Price
1320 1,200 $3.20 $3.00 $4.50
1333 900 2.70 2.30 3.50
1426 800 4.50 3.70 5.00
1437 1,000 3.60 3.10 3.20
1510 700 2.25 2.00 3.25
1522 500 3.00 2.70 3.80
1573 3,000 1.80 1.60 2.50
1626 1,000 4.70 5.20 6.00
Cost of Completion and Disposal Normal Profit Final Inventory
$0.35 $1.25 $3600
0.50 0.50 $2,250
0.40 1.00 $2960
0.25 0.90 $2950
0.80 0.60 $1400
0.40 0.50 $1450
0.75 0.50 $4800
0.50 1.00 <u> </u><u>$4700 </u>
$24,110
To determine the amount of Inventory, we multiply the designated market value with the quantity, then sum all the results up but in the last part,we use the cost per unit instead becuase it is lower than the designated market value.
Answer:
WHAT COLLIG U GO 2 :3
Step-by-step explanation:
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