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Exercise 9-07 Windsor Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on...

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Accounting

Exercise 9-07

Windsor 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

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

The amount of Windsor Companys inventory $enter the dollar amount of Windsor Company's inventory

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