Determine the amount of sunland company inventory

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Reference no: EM132476664

Sunland 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

1,600

$3.46

$3.24

$4.86

$0.38

$1.35

1333

1,300

2.92

2.48

3.78

0.54

0.54

1426

1,200

4.86

4.00

5.40

0.43

1.08

1437

1,400

3.89

3.35

3.46

0.27

0.97

1510

1,100

2.43

2.16

3.51

0.86

0.65

1522

900

3.24

2.92

4.10

0.43

0.54

1573

3,400

1.94

1.73

2.70

0.81

0.54

1626

1,400

5.08

5.62

6.48

0.54

1.08


Question 1: From the information above, determine the amount of Sunland Company inventory.

Reference no: EM132476664

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