Stellar Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Stellar 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 | 1,400 | $3.81 | $3.57 | $5.36 | $0.42 | $1.49 | ||||||||||||
| 1333 | 1,100 | 3.21 | 2.74 | 4.17 | 0.60 | 0.60 | ||||||||||||
| 1426 | 1,000 | 5.36 | 4.40 | 5.95 | 0.48 | 1.19 | ||||||||||||
| 1437 | 1,200 | 4.28 | 3.69 | 3.81 | 0.30 | 1.07 | ||||||||||||
| 1510 | 900 | 2.68 | 2.38 | 3.87 | 0.95 | 0.71 | ||||||||||||
| 1522 | 700 | 3.57 | 3.21 | 4.52 | 0.48 | 0.60 | ||||||||||||
| 1573 | 3,200 | 2.14 | 1.90 | 2.98 | 0.89 | 0.60 | ||||||||||||
| 1626 | 1,200 | 5.59 | 6.19 | 7.14 | 0.60 | 1.19 | ||||||||||||
From the information above, determine the amount of Stellar Company
inventory.
| The amount of Stellar Company’s inventory | $
|
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Stellar Company follows the practice of pricing its inventory at
the lower-of-cost-or-market, on an individual-item basis....
Exercise 9-7 Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an...
Exercise 9-7 Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Item No. 1320 1333 Estimated Selling Price $5.36 4.17 5.95 1426 Quantity 1,400 1,100 1,000 1,200 900 700 3,200 1,200 Cost to Replace $3.57 2.74 4.40 3.69 2.38 3.21 1.90 6.19 Unit $3.81 3.21 5.36 4.28 2.68 3.57 2.14 5.59 Cost of Completion and Disposal $0.42 0.60 0.48 0.30 0.95 0.48 0.89 0.60 Normal Profit $1.49 0.60 1.19 1.07 1437...
Exercise 9-3 Sweet Company follows the practice of pricing its inventory at LCNRV, on an individual-item...
Exercise 9-3 Sweet Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost per Unit Estimated Selling Price $3.81 $5.36 4.05 3.21 5.36 5.95 Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1,500 1,200 1,100 1,300 1,000 800 3,300 1,300 3.81 3.87 Cost to Complete and Sell $1.90 1.19 1.67 1.61 1.67 0.95 1.43 1.79 4.64 3.57 2.14 5.59 2.98 7.14 From the information above, determine the amount of Sweet Company inventory....
Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Kingbird 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 1,500 $3.87 $3.63 $5.45 $0.42 $1.51 1333 1,200 3.27 2.78 4.24 0.61 0.61 1426 1,100 5.45 4.48 6.05 0.48 1.21 1437 1,300 4.36 3.75 3.87 0.30 1.09 1510 1,000 2.72 2.42 3.93 0.97 0.73 1522 800 3.63 3.27 4.60 0.48 0.61 1573 3,300 2.18...
Blossom Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Blossom Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Cost per Unit $3.94 3.32 5.54 4.43 2.77 3.69 2.21 5.78 Cost to Replace $3.69 2.83 4.55 3.81 2.46 3.32 1.97 6.40 Estimated Selling Price $5.54 4.31 6.15 3.94 4.00 4.67 3.08 Cost of Completion and Disposal $0.43 0.62 0.49 0.31 0.98 0.49 0.92 0.62...
Sheridan Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Sheridan 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 1,600 $3.42 $3.21 $4.82 $0.37 $1.34 1333 1,300 2.89 2.46 3.75 0.54 0.54 1426 1,200 4.82 3.96 5.35 0.43 1.07 1437 1,400 3.85 3.32 3.42 0.27 0.96 1510 1,100 2.41 2.14 3.48 0.86 0.64 1522 900 3.21 2.89 4.07 0.43 0.54 1573 3,400 1.93...
Oriole Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Oriole Company follows the practice of pricing its inventory at
the lower-of-cost-or-market, on an individual-item basis.
x Your answer is incorrect Oriole 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 Cost to Replace Item No. Quantity Cost per Unit Normal Profit $3.84 $3.60 $5.40 $0.42 $150 1320 1400 0.60 1333 1100 3.24 2.76 4.20 0.60 1000 5.40 1426 4.44 6.00 0.48 120 1200 4.32 108...
Vaughn Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Vaughn 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 2,000 $3.68 $3.45 $5.18 $0.40 $1.44 1333 1,700 3.11 2.65 4.03 0.58 0.58 1426 1,600 5.18 4.26 5.75 0.46 1.15 1437 1,800 4.14 3.68 0.29 1.04 3.57 2.30 1510 1,500 2.59 3.74 0.92 0.69 1522 1,300 3.11 4.37 0.46 0.58 1573 3,800 3.45 2.07...
Bramble Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. From...
Bramble Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. From the information below, determine the amount of Bramble Company inventory. _______ Item No. Quantity Cost per Unit Estimated Selling Price Cost to Complete and Sell 1320 1,800 $3.65 $5.13 $1.82 1333 1,500 3.08 3.88 1.14 1426 1,400 5.13 5.70 1.60 1437 1,600 4.10 3.65 1.54 1510 1,300 2.57 3.71 1.60 1522 1,100 3.42 4.45 0.91 1573 3,600 2.05 2.85 1.37 1626 1,600 5.36 6.84...
Windsor Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Windsor 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
1,600
$3.46
$3.24
$4.86
$0.38
$1.35
1333
1,300
2.92
2.48
3.78
0.54
0.54
1426
1,200
4.86
4.00
5.40
0.43
1.08
1437
1,400
3.89
3.35
3.46
0.27
0.97
1510
1,100
2.43
2.16
3.51
0.86
0.65
1522
900
3.24
2.92
4.10
0.43
0.54
1573
3,400
1.94...
Splish Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Splish 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
1,500
$3.90
$3.66
$5.49
$0.43
$1.53
1333
1,200
3.29
2.81
4.27
0.61
0.61
1426
1,100
5.49
4.51
6.10
0.49
1.22
1437
1,300
4.39
3.78
3.90
0.31
1.10
1510
1,000
2.75
2.44
3.97
0.98
0.73
1522
800
3.66
3.29
4.64
0.49
0.61
1573
3,300
2.20...
Exercise 9-7 Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Item No. 1320 1333 Estimated Selling Price $5.36 4.17 5.95 1426 Quantity 1,400 1,100 1,000 1,200 900 700 3,200 1,200 Cost to Replace $3.57 2.74 4.40 3.69 2.38 3.21 1.90 6.19 Unit $3.81 3.21 5.36 4.28 2.68 3.57 2.14 5.59 Cost of Completion and Disposal $0.42 0.60 0.48 0.30 0.95 0.48 0.89 0.60 Normal Profit $1.49 0.60 1.19 1.07 1437...
Exercise 9-3 Sweet Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost per Unit Estimated Selling Price $3.81 $5.36 4.05 3.21 5.36 5.95 Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1,500 1,200 1,100 1,300 1,000 800 3,300 1,300 3.81 3.87 Cost to Complete and Sell $1.90 1.19 1.67 1.61 1.67 0.95 1.43 1.79 4.64 3.57 2.14 5.59 2.98 7.14 From the information above, determine the amount of Sweet Company inventory....
Kingbird 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 1,500 $3.87 $3.63 $5.45 $0.42 $1.51 1333 1,200 3.27 2.78 4.24 0.61 0.61 1426 1,100 5.45 4.48 6.05 0.48 1.21 1437 1,300 4.36 3.75 3.87 0.30 1.09 1510 1,000 2.72 2.42 3.93 0.97 0.73 1522 800 3.63 3.27 4.60 0.48 0.61 1573 3,300 2.18...
Blossom Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Cost per Unit $3.94 3.32 5.54 4.43 2.77 3.69 2.21 5.78 Cost to Replace $3.69 2.83 4.55 3.81 2.46 3.32 1.97 6.40 Estimated Selling Price $5.54 4.31 6.15 3.94 4.00 4.67 3.08 Cost of Completion and Disposal $0.43 0.62 0.49 0.31 0.98 0.49 0.92 0.62...
Sheridan 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 1,600 $3.42 $3.21 $4.82 $0.37 $1.34 1333 1,300 2.89 2.46 3.75 0.54 0.54 1426 1,200 4.82 3.96 5.35 0.43 1.07 1437 1,400 3.85 3.32 3.42 0.27 0.96 1510 1,100 2.41 2.14 3.48 0.86 0.64 1522 900 3.21 2.89 4.07 0.43 0.54 1573 3,400 1.93...
Oriole Company follows the practice of pricing its inventory at
the lower-of-cost-or-market, on an individual-item basis.
x Your answer is incorrect Oriole 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 Cost to Replace Item No. Quantity Cost per Unit Normal Profit $3.84 $3.60 $5.40 $0.42 $150 1320 1400 0.60 1333 1100 3.24 2.76 4.20 0.60 1000 5.40 1426 4.44 6.00 0.48 120 1200 4.32 108...
Vaughn 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 2,000 $3.68 $3.45 $5.18 $0.40 $1.44 1333 1,700 3.11 2.65 4.03 0.58 0.58 1426 1,600 5.18 4.26 5.75 0.46 1.15 1437 1,800 4.14 3.68 0.29 1.04 3.57 2.30 1510 1,500 2.59 3.74 0.92 0.69 1522 1,300 3.11 4.37 0.46 0.58 1573 3,800 3.45 2.07...
Windsor 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
1,600
$3.46
$3.24
$4.86
$0.38
$1.35
1333
1,300
2.92
2.48
3.78
0.54
0.54
1426
1,200
4.86
4.00
5.40
0.43
1.08
1437
1,400
3.89
3.35
3.46
0.27
0.97
1510
1,100
2.43
2.16
3.51
0.86
0.65
1522
900
3.24
2.92
4.10
0.43
0.54
1573
3,400
1.94...
Splish 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
1,500
$3.90
$3.66
$5.49
$0.43
$1.53
1333
1,200
3.29
2.81
4.27
0.61
0.61
1426
1,100
5.49
4.51
6.10
0.49
1.22
1437
1,300
4.39
3.78
3.90
0.31
1.10
1510
1,000
2.75
2.44
3.97
0.98
0.73
1522
800
3.66
3.29
4.64
0.49
0.61
1573
3,300
2.20...
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