Nash Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.
Item Quantity Cost Cost to Estimated Cost of Normal
No. per Unit Replace Selling Price Completion and Disposal Profit
1320 1,300 $3.26 $3.06 $4.59 $0.36 $1.28
1333 1,000 2.75 2.35 3.57 0.51 0.51
1426 900 4.59 3.77 5.10 0.41 1.02
1437 1,100 3.67 3.16 3.26 0.26 0.92
1510 800 2.30 2.04 3.32 0.82 0.61
1522 600 3.06 2.75 3.88 0.41 0.51
1573 3,100 1.84 1.63 2.55 0.77 0.51
1626 1,100 4.79 5.30 6.12 0.51 1.02
From the information above, determine the amount of Nash Company inventory.
Answers: 2
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Nash Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an ind...
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