Exercise 9-07 * Your answer is incorrect. Try again. Sheffield Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Estimated Selling Price Cost of Completion and Disposal Item No. 1320 1333 1426 1437 1510 1522 1573 Quantity 1,300 1,000 900 1,100 800 600 3,100 1.100 Unit $3.74 3.16 5.27 4.21 2.63 3.51 2.11 5.50 Cost to Replace $3.51 2.69 4.33 3.63 2.34 3.16 1.87 6.08 $5.27 4.10 5.85 3.74 3.80 4.45 2.93 7.02 $0.41 0.59 0.47 0.29 0.94 0.47 0.88 0.59 Normal Profit $1.46 0.59 1.17 1.05 0.70 0.59 0.59 1.17 1626 From the information above, determine the amount of Sheffield Company inventory. IIIIIIIIIIIIIIIIIIIIIIIIII The amount of Sheffield Company's inventory IIIIIIIIIIIIIIIIIIIIIIIIIIIIIII Click if you would like to Show Work for this question: Open Show Work