Oriole Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity 1320 1333 1426 1437 1510 1522 1573 1626 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Cost per Unit $3.84 3.24 5.40 4.32 2.70 3,60 2.16 5.64 Estimated Selling Price $5.40 4.08 6.00 3.84 3.90 4.68 3.00 7.20 The amount of Oriole Company's inventory Cost to Complete and Sell $1.92 1.20 1.68 1.62 1.68 0.96 1.44 1.80 From the information above, determine the amount of Oriole Company inventory.

Oriole Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity 1320 1333 1426 1437 1510 1522 1573 1626 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Cost per Unit $3.84 3.24 5.40 4.32 2.70 3,60 2.16 5.64 Estimated Selling Price $5.40 4.08 6.00 3.84 3.90 4.68 3.00 7.20 The amount of Oriole Company's inventory Cost to Complete and Sell $1.92 1.20 1.68 1.62 1.68 0.96 1.44 1.80 From the information above, determine the amount of Oriole Company inventory.

Name: H Oriole Company follows the practice of pricing its inventory at LCNR
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Description: H Oriole Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.Item No. Quantity132013331426143715101522157316261,6001,3001,2001,4001,1009003,4001,400Costper Unit$3.843.245.404.322.703.602.165.64EstimatedSelling

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 14RE: On January 1 of Year 1, Dorso Company adopted the dollar-value LIFO method of inventory costing....

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