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Category > Accounting Posted 02 Aug 2017 My Price 9.00

Michael Bolton Company

Michael Bolton 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   1,900     $4.64     $4.35     $6.53     $0.51     $1.81  
1333   1,600     3.92     3.34     5.08     0.73     0.73  
1426   1,500     6.53     5.37     7.25     0.58     1.45  
1437   1,700     5.22     4.50     4.64     0.36     1.31  
1510   1,400     3.26     2.90     4.71     1.16     0.87  
1522   1,200     4.35     3.92     5.51     0.58     0.73  
1573   3,700     2.61     2.32     3.63     1.09     0.73  
1626   1,700     6.82     7.54     8.70     0.73     1.45  


From the information above, determine the amount of Bolton Company inventory.

The amount of Sedato Company's inventory $______________    

 

Answers

Maurice Tutor
(5)
Status NEW Posted 02 Aug 2017 12:08 AM My Price 9.00

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