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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Michael Bolton Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.
| Item No. | Â | Quantity | Â | Cost per Unit | Â | Cost to Replace | Â | Estimated Selling Price | Â | Cost of Completion and Disposal | Â | Normal Profit | ||||||
| 1320 | Â | 1,900 | Â | Â | $4.64 | Â | Â | $4.35 | Â | Â | $6.53 | Â | Â | $0.51 | Â | Â | $1.81 | Â |
| 1333 | Â | 1,600 | Â | Â | 3.92 | Â | Â | 3.34 | Â | Â | 5.08 | Â | Â | 0.73 | Â | Â | 0.73 | Â |
| 1426 | Â | 1,500 | Â | Â | 6.53 | Â | Â | 5.37 | Â | Â | 7.25 | Â | Â | 0.58 | Â | Â | 1.45 | Â |
| 1437 | Â | 1,700 | Â | Â | 5.22 | Â | Â | 4.50 | Â | Â | 4.64 | Â | Â | 0.36 | Â | Â | 1.31 | Â |
| 1510 | Â | 1,400 | Â | Â | 3.26 | Â | Â | 2.90 | Â | Â | 4.71 | Â | Â | 1.16 | Â | Â | 0.87 | Â |
| 1522 | Â | 1,200 | Â | Â | 4.35 | Â | Â | 3.92 | Â | Â | 5.51 | Â | Â | 0.58 | Â | Â | 0.73 | Â |
| 1573 | Â | 3,700 | Â | Â | 2.61 | Â | Â | 2.32 | Â | Â | 3.63 | Â | Â | 1.09 | Â | Â | 0.73 | Â |
| 1626 | Â | 1,700 | Â | Â | 6.82 | Â | Â | 7.54 | Â | Â | 8.70 | Â | Â | 0.73 | Â | Â | 1.45 | Â |
From the information above, determine the amount of Bolton Company inventory.
| The amount of Sedato Company's inventory $______________ | Â | Â |
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