Exercise 9-7 Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on...
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Exercise 9-7 Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Item No. 1320 1333 Estimated Selling Price $5.36 4.17 5.95 1426 Quantity 1,400 1,100 1,000 1,200 900 700 3,200 1,200 Cost to Replace $3.57 2.74 4.40 3.69 2.38 3.21 1.90 6.19 Unit $3.81 3.21 5.36 4.28 2.68 3.57 2.14 5.59 Cost of Completion and Disposal $0.42 0.60 0.48 0.30 0.95 0.48 0.89 0.60 Normal Profit $1.49 0.60 1.19 1.07 1437 1510 1522 1573 1626 3.81 0.71 3.87 4.52 2.98 7.14 0.60 0.60 1.19 From the information above, determine the amount of Kingbird Company inventory. The amount of Kingbird Company's inventory s LINK TO TEXT
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