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Bolton Company Inventory

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Bolton Company Inventory;Michael Bolton 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 $4.64 $4.35 $6.53 $0.51 $1.81;1333 1,600 3.92 3.34 5.08 0.73 0.73;1426 1,500 6.53 5.37 7.25 0.58 1.45;1437 1,700 5.22 4.50 4.64 0.36 1.31;1510 1,400 3.26 2.90 4.71 1.16 0.87;1522 1,200 4.35 3.92 5.51 0.58 0.73;1573 3,700 2.61 2.32 3.63 1.09 0.73;1626 1,700 6.82 7.54 8.70 0.73 1.45;From the information above, determine the amount of Bolton Company inventory.;The amount of Sedato Company's inventory $

 

Paper#29443 | Written in 18-Jul-2015

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