Question - Culver 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
|
1,700
|
$3.49
|
$3.27
|
$4.91
|
$0.38
|
$1.36
|
|
1333
|
1,400
|
2.94
|
2.51
|
3.82
|
0.55
|
0.55
|
|
1426
|
1,300
|
4.91
|
4.03
|
5.45
|
0.44
|
1.09
|
|
1437
|
1,500
|
3.92
|
3.38
|
3.49
|
0.27
|
0.98
|
|
1510
|
1,200
|
2.45
|
2.18
|
3.54
|
0.87
|
0.65
|
|
1522
|
1,000
|
3.27
|
2.94
|
4.14
|
0.44
|
0.55
|
|
1573
|
3,500
|
1.96
|
1.74
|
2.73
|
0.82
|
0.55
|
|
1626
|
1,500
|
5.12
|
5.67
|
6.54
|
0.55
|
1.09
|
From the information above, determine the amount of Culver Company inventory.
Attachment:- Assignment.rar