ACC 422 ACC/422 : INT Secure https://edugen.wileyplus.com/edugen/student/mainfr.

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ACC 422 ACC/422 : INT Secure https://edugen.wileyplus.com/edugen/student/mainfr.uni ssignment CALCULATOR Exercise 9-7 Oriole Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Part Estimated Cost of Item per Cost to Selling No. Quantity Unit Replace 1320 1,500 $3.36$3.15 1333 1,200 2.84 1426 1,100 4.73 1437 1,300 3.78 1510 1,000 2.36 2.10 1522 800 3.15 2.84 and Disposal Profit $1.31 0.53 1.05 0.95 0.63 0.53 0.53 1.05 Price $4.73 3.68 5.25 3.36 3.41 3.99 2.63 6.30 $0,37 0.53 0.42 0.26 0.84 0.42 0.79 0.53 2.42 3.89 3.26 Stud 1573 3,300 1.89 1.68 5.46 1626 1,300 4.94 From the information above, determine the amount of Oriole Company inventory The amount of Oriole Company's inventory Question At mt2077589 N100F31. A Division of

Explanation / Answer

Item no Quantity Cost per unit Cost to replace Estimated selling price Cost of completion and disposal Normal profit NRV NRV less profit Market Lower of cost or market Inventory value 1320 1500 3.36 3.15 4.73 0.37 1.31 4.36 3.05 3.15 3.15 4725 1333 1200 2.84 2.42 3.68 0.53 0.53 3.15 2.62 2.62 2.62 3144 1426 1100 4.73 3.89 5.25 0.42 1.05 4.83 3.78 3.89 3.89 4279 1437 1300 3.78 3.26 3.36 0.26 0.95 3.1 2.15 3.1 3.1 4030 1510 1000 2.36 2.1 3.41 0.84 0.63 2.57 1.94 2.1 2.1 2100 1522 800 3.15 2.84 3.99 0.42 0.53 3.57 3.04 3.04 3.04 2432 1573 3300 1.89 1.68 2.63 0.79 0.53 1.84 1.31 1.68 1.68 5544 1626 1300 4.94 5.46 6.3 0.53 1.05 5.77 4.72 5.46 4.94 6422 Total 32676 The amount of oriole company's inventory $32676

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