E9-3B (Lower-of-Cost-or-Market) Sunshine Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.
mujionostevoE9-3B (Lower-of-Cost-or-Market) Sunshine Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.
Item Cost Cost to Estimated Cost of Completion Normal
No. Quantity per Unit Replace Selling Price and Disposal Profit
A 1,200 $8.10 $8.00 $9.00 $0.35 $0.90
B 600 6.00 5.60 6.00 0.45 0.50
C 200 5.50 5.00 7.00 0.40 1.00
D 700 7.25 7.50 8.00 0.50 0.90
E 1,000 2.10 2.00 2.80 0.65 0.20
F 500 4.05 4.00 5.00 0.40 0.75
G 2,000 8.75 8.15 9.00 0.60 0.50
H 300 9.95 9.00 10.50 0.30 1.00
Instructions
From the information above, determine the amount of Sunshine Company inventory.
- 10 years ago
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