Wildhorse Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost Cos of Cost Estima Nor t Comple Item No. Quant to ted mal per tion ity Repla Selling Profi Uni and ce Price t t Disposa | 1320 1,300 $3.7 $ 3.54 $5.31 $ 0.41 $ 1.48 1333 1,000 3.19 2.71 4.13 0.59 0.59 1426 900 5.31 4.37 5.90 0.47 1.18 1437 1,100 4.25 3.66 3.78 0.30 1.06 1510 800 2.66 2.36 3.84 0.94 0.71 1522 600 3.54 3.19 4.48 0.47 0.59 1573 3,100 2.12 1.89 2.95 0.89 0.59 1626 1,100 5.55 6.14 7.08 0.59 1.18 From the information above, determine the amount of Wildhorse Company inventory.
Wildhorse Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost Cos of Cost Estima Nor t Comple Item No. Quant to ted mal per tion ity Repla Selling Profi Uni and ce Price t t Disposa | 1320 1,300 $3.7 $ 3.54 $5.31 $ 0.41 $ 1.48 1333 1,000 3.19 2.71 4.13 0.59 0.59 1426 900 5.31 4.37 5.90 0.47 1.18 1437 1,100 4.25 3.66 3.78 0.30 1.06 1510 800 2.66 2.36 3.84 0.94 0.71 1522 600 3.54 3.19 4.48 0.47 0.59 1573 3,100 2.12 1.89 2.95 0.89 0.59 1626 1,100 5.55 6.14 7.08 0.59 1.18 From the information above, determine the amount of Wildhorse Company inventory.
Chapter10: Inventory
Section: Chapter Questions
Problem 10PB: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for B76 Company,...
Related questions
Question
100%
solution want this general account query
Transcribed Image Text:Wildhorse Company follows the practice of pricing its inventory at the
lower-of-cost-or-market, on an individual-item basis.
Cost
Cos
of
Cost
Estima
Nor
t
Comple
Item
No.
Quant
to
ted
mal
per
tion
ity
Repla
Selling
Profi
Uni
and
ce
Price
t
t
Disposa
|
1320
1,300
$3.7
$ 3.54
$5.31
$ 0.41
$ 1.48
1333
1,000
3.19
2.71
4.13
0.59
0.59
1426
900
5.31
4.37
5.90
0.47
1.18
1437
1,100
4.25
3.66
3.78
0.30
1.06
1510
800
2.66
2.36
3.84
0.94
0.71
1522
600
3.54
3.19
4.48
0.47
0.59
1573
3,100
2.12
1.89
2.95
0.89
0.59
1626 1,100
5.55
6.14
7.08
0.59
1.18
From the information above, determine the amount of Wildhorse
Company inventory.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning