Question: Exercise 9-07 * Your answer is incorrect. Try again. Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.

 Exercise 9-07 * Your answer is incorrect. Try again. Sedato Company

Exercise 9-07 * Your answer is incorrect. Try again. Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost to Replace Estimated Selling Price $4.5 3.5 Normal Profit Cost per Unit $3.2 2.7 4.5 3.6 2.25 3 $3 2.3 Item No. 1320 1333 1426 1437 1510 1522 1573 1626 $1.25 0.5 Cost of Completion and Disposal $0.35 0.5 0.4 0.25 Quantity 1,200 900 800 1,000 700 500 3,000 1,000 5 3.2 0.9 0.6 2 0.8 3.25 3.8 2.5 2.7 w 0.5 0.5 1.8 0.4 0.75 0.5 1.6 5.2 4.7 From the information above, determine the amount of Sedato Company inventory. The amount of Sedato Company's inventory 30197

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