Lower-of-Cost-or-Market Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. From the information above, determine the amount of Sedato Company inventory.

Transcribed Image Text:

Cost of Completion and Disposal Item No. Cost to Normal Profit Cost Estimated Selling Price per Unit $3.20 2.70 4,50 Quantity 1,200 Replace $0.35 1320 1333 1426 1437 1510 1522 1573 1626 $3.00 $4.50 $1.25 0.50 1.00 0.90 0.60 0.50 0.50 1.00 2.30 3.70 3.10 2.00 0.50 0.40 900 5.00 3.20 3.25 3.90 2.50 800 1,000 3.60 2.25 3.00 1.80 4.70 0.45 0.80 0.40 0.75 0.50 700 500 3,000 1,000 2.70 1.60 5.20 6.00