Coronado Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Quantity Cost...

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Accounting

Coronado Company follows the practice of pricing its inventoryat the lower-of-cost-or-market, on an individual-itembasis.
Item No.
Quantity
Cost per Unit
Cost to Replace
Estimated Selling Price
Cost of Completion and Disposal
Normal Profit
1320
1,800 $3.58 $3.36 $5.04 $0.39 $1.40
1333
1,500 3.02 2.58 3.92 0.56 0.56
1426
1,400 5.04 4.14 5.60 0.45 1.12
1437
1,600 4.03 3.47 3.58 0.28 1.01
1510
1,300 2.52 2.24 3.64 0.90 0.67
1522
1,100 3.36 3.02 4.26 0.45 0.56
1573
3,600 2.02 1.79 2.80 0.84 0.56
1626
1,600 5.26 5.82 6.72 0.56 1.12

From the information above, determine the amount of CoronadoCompany inventory.

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4.2 Ratings (839 Votes)

ANSWER Item No Quantity Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit NRV NRV less normal profit Market Lower of cost See Answer

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Item No.	Quantity	Cost per Unit	Cost to Replace	Estimated Selling Price	Cost of Completion and Disposal	Normal Profit
1320	1,800	$3.58	$3.36	$5.04	$0.39	$1.40
1333	1,500	3.02	2.58	3.92	0.56	0.56
1426	1,400	5.04	4.14	5.60	0.45	1.12
1437	1,600	4.03	3.47	3.58	0.28	1.01
1510	1,300	2.52	2.24	3.64	0.90	0.67
1522	1,100	3.36	3.02	4.26	0.45	0.56
1573	3,600	2.02	1.79	2.80	0.84	0.56
1626	1,600	5.26	5.82	6.72	0.56	1.12