Sedato 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 1,200 $3.20 $3.00 $4.50 $0.35 $1.25 1333 900 2.70 2.30 3.50 0.50 0.50
1426 800 4.50 3.70 5.00 0.40 1.00
1437 1,000 3.60 3.10 3.20 0.25 0.90
1510 700 2.25 2.00 3.25 0.80 0.60
1522 500 3.00 2.70 3.80 0.40 0.50
1573 3,000 1.80 1.60 2.50 0.75 0.50
1626 1,000 4.70 5.20 6.00 0.50 1.00
From the information above, determine the amount of Sedato Company inventory.

$24,110    

Step-by-step explanation:

From the given information, we have:

Item No.   Quantity   Cost per Unit  Cost to Replace  Estimated Selling Price

1320             1,200           $3.20                    $3.00                   $4.50

1333                900             2.70                       2.30                     3.50

1426               800              4.50                       3.70                     5.00

1437               1,000            3.60                        3.10                    3.20

1510                700              2.25                        2.00                   3.25

1522               500            3.00                         2.70                    3.80

1573                3,000         1.80                         1.60                     2.50

1626                 1,000        4.70                         5.20                    6.00

Cost of Completion and Disposal       Normal Profit          Final Inventory

$0.35                                                        $1.25                     $3600

0.50                                                          0.50                     $2,250

0.40                                                           1.00                        $2960

0.25                                                           0.90                       $2950

0.80                                                            0.60                       $1400

0.40                                                           0.50                       $1450

0.75                                                           0.50                        $4800

0.50                                                            1.00                       $4700  

                                                                                                 $24,110        

To determine the amount of Inventory, we multiply the designated market value with the quantity, then sum all the results up but in the last part,we use the cost per unit instead becuase it is lower than the designated market value.

0.50 , 0.75

step-by-step explanation:

answer:

total cost for tiles and paints is $924.  

step-by-step explanation:

we have been given that a community hall is in the shape of a cuboid. the hall is 40m long 15m high and 3m wide.

the paint will be required for 4 walls and ceiling.

let us find area of walls and ceiling.

therefore, the area of walls and ceiling is 1410 square meters.

given: cost for 10 litre of paint is $10 and 10 litre paint covers 25 square meter. therefore,

therefore, the total painting cost is $564.

tiles will be required for floor. let us find the area of floor.

given: 1m squared floor tiles costs $3. so,

therefore, the total tiles cost is $360.

now let us find combined total cost of tiles and paint.

therefore, the combined total cost of tiles and paint is $924.