Question: Current Attempt in Progress Incorrect answer iconYour answer is incorrect. Metlock Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item

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Metlock 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

1,700 $3.52 $3.30 $4.95 $0.39 $1.38

1333

1,400 2.97 2.53 3.85 0.55 0.55

1426

1,300 4.95 4.07 5.50 0.44 1.10

1437

1,500 3.96 3.41 3.52 0.28 0.99

1510

1,200 2.48 2.20 3.58 0.88 0.66

1522

1,000 3.30 2.97 4.18 0.44 0.55

1573

3,500 1.98 1.76 2.75 0.83 0.55

1626

1,500 5.17 5.72 6.60 0.55 1.10

From the information above, determine the amount of Metlock Company inventory.

The amount of Metlock Companys inventory

$enter the dollar amount of Metlock Company's inventory

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