Business, 05.05.2020 20:22 1tzM3

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

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 14:20

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?

Answers: 3

Answer

Business, 22.06.2019 16:00

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?

Answers: 3

Answer

Business, 22.06.2019 17:00

Jillian wants to plan her finances because she wants to create and maintain her tax and credit history. she also wants to chart out all of her financial transactions for the past federal fiscal year. what duration should jillian consider to calculate her finances? from (march or january )to (december or april)?

Answers: 1

Answer

Business, 22.06.2019 19:50

What is the present value of the following cash flow stream at a rate of 12.0%? years: 0 1 2 3 4| | | | |cfs: $0 $1,500 $3,000 $4,500 $6,000a. $9,699b. $10,210c. $10,747d. $11,284e. $11,849

Answers: 3

Answer

You know the right answer?

Michael Bolton Company follows the practice of pricing its inventory at the lower-of-cost-or-market,...

Questions