2.99 See Answer

Question: Referring to the inventory data for Sedato

Referring to the inventory data for Sedato Company in E9-3, assume that Sedato follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.
Referring to the inventory data for Sedato Company in E9-3, assume that Sedato follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.


Instructions 
From the information above, determine the amount of Sedato Company inventory.

From E9-3:
Sedato Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

Instructions From the information above, determine the amount of Sedato Company inventory. From E9-3: Sedato Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.
Referring to the inventory data for Sedato Company in E9-3, assume that Sedato follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.


Instructions 
From the information above, determine the amount of Sedato Company inventory.

From E9-3:
Sedato Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.





Transcribed Image Text:

Cost of Completion and Disposal Cost Cost Estimated per Unit to Replace Selling Price Normal Profit Item No. Quantity 1320 1,200 $3.20 $3.00 $4.50 $0.35 $1.25 1333 900 2.70 2.30 3.50 0.50 0.50 1.00 1426 800 4.50 3.70 5.00 0.40 3.60 2.25 3.00 1437 1,000 3.10 3.20 0.25 0.90 2.00 0.80 0.40 0.60 0.50 1510 700 1522 1573 1626 3.25 3.80 2.50 500 2.70 3,000 1,000 1.80 1.60 0.75 0.50 4.70 5.20 6.00 0.50 1.00 Cost to Complete and Sell Cost Estimated per Unit Selling Price Item No. Quantity 1320 1,200 $3.20 $4.50 3.40 5.00 3.20 3.25 3.90 $1.60 1333 900 2.70 1.00 1.40 1426 1437 800 1,000 700 4.50 3.60 2.25 3.00 1.35 1.40 0.80 1510 1522 500 3,000 1,000 1573 1.80 2.50 1.20 1626 4.70 6.00 1.50

2.99

See Answer