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Determine the amount of sedato companys inventory

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Reference no: EM131791849

Problem

Sedato 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

$5.82

$5.46

$8.19

$O.64

$2.28

1333

1,600

4.91

4.19

6.19

0.91

0.91

1426

1,500

8.19

6.73

9.10

0.73

1.82

1437

1,700

6.55

5.64

5.82

0.82

1.64

1510

1,400

4.10

3.64

5.92

1.46

1.09

1522

1,200

5.46

4.91

7.10

0.73

0.91

1573

3,700

3.28

2.91

4.55

1.37

0.91

1626

1,700

8.55

9.46

10.92

0.91

1.82

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

Reference no: EM131791849

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