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LO 2) (LCM) Sunshine Company follows the practice of p al-item basis. No. A 3 D Quantity 1,200 600 200 700 Cost per Unit $8.10 6.00 5.50 7.25 Cost to Replace $8.00 5.60 5.00 7.50 Estimated Selling Price $9.00 6.00 7.00 8.00 0.00 2

LO 2) (LCM) Sunshine Company follows the practice of p al-item basis. No. A 3 D Quantity 1,200 600 200 700 Cost per Unit $8.10 6.00 5.50 7.25 Cost to Replace $8.00 5.60 5.00 7.50 Estimated Selling Price $9.00 6.00 7.00 8.00 0.00 2

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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**Inventory Pricing at LCM - Sunshine Company** **Itemized Pricing Details:** - **Item No. A** - Quantity: 1,200 - Cost per Unit: $8.10 - Cost to Replace: $8.00 - Estimated Selling Price: $9.00 - Cost of Completion and Disposal: $0.35 - Normal Profit: $0.90 - **Item No. B** - Quantity: 600 - Cost per Unit: $6.00 - Cost to Replace: $5.60 - Estimated Selling Price: $6.00 - Cost of Completion and Disposal: $0.45 - Normal Profit: $0.50 - **Item No. C** - Quantity: 200 - Cost per Unit: $5.50 - Cost to Replace: $5.00 - Estimated Selling Price: $7.00 - Cost of Completion and Disposal: $0.40 - Normal Profit: $1.00 - **Item No. D** - Quantity: 700 - Cost per Unit: $7.25 - Cost to Replace: $7.50 - Estimated Selling Price: $8.00 - Cost of Completion and Disposal: $0.50 - Normal Profit: $0.90 - **Item No. E** - Quantity: 1,000 - Cost per Unit: $2.10 - Cost to Replace: $2.00 - Estimated Selling Price: $2.80 - Cost of Completion and Disposal: $0.65 - Normal Profit: $0.20 - **Item No. F** - Quantity: 500 - Cost per Unit: $4.05 - Cost to Replace: $4.00 - Estimated Selling Price: $5.00 - Cost of Completion and Disposal: $0.40 - Normal Profit: $0.75 - **Item No. G** - Quantity: 2,000 - Cost per Unit: $8.75 - Cost to Replace: $8.15 - Estimated Selling Price: $9.00 - Cost of Completion and Disposal: $0
Transcribed Image Text:**Inventory Pricing at LCM - Sunshine Company** **Itemized Pricing Details:** - **Item No. A** - Quantity: 1,200 - Cost per Unit: $8.10 - Cost to Replace: $8.00 - Estimated Selling Price: $9.00 - Cost of Completion and Disposal: $0.35 - Normal Profit: $0.90 - **Item No. B** - Quantity: 600 - Cost per Unit: $6.00 - Cost to Replace: $5.60 - Estimated Selling Price: $6.00 - Cost of Completion and Disposal: $0.45 - Normal Profit: $0.50 - **Item No. C** - Quantity: 200 - Cost per Unit: $5.50 - Cost to Replace: $5.00 - Estimated Selling Price: $7.00 - Cost of Completion and Disposal: $0.40 - Normal Profit: $1.00 - **Item No. D** - Quantity: 700 - Cost per Unit: $7.25 - Cost to Replace: $7.50 - Estimated Selling Price: $8.00 - Cost of Completion and Disposal: $0.50 - Normal Profit: $0.90 - **Item No. E** - Quantity: 1,000 - Cost per Unit: $2.10 - Cost to Replace: $2.00 - Estimated Selling Price: $2.80 - Cost of Completion and Disposal: $0.65 - Normal Profit: $0.20 - **Item No. F** - Quantity: 500 - Cost per Unit: $4.05 - Cost to Replace: $4.00 - Estimated Selling Price: $5.00 - Cost of Completion and Disposal: $0.40 - Normal Profit: $0.75 - **Item No. G** - Quantity: 2,000 - Cost per Unit: $8.75 - Cost to Replace: $8.15 - Estimated Selling Price: $9.00 - Cost of Completion and Disposal: $0
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