Question: Question 16 --/2 View Policies Current Attempt in Progress Marigold Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.

 Question 16 --/2 View Policies Current Attempt in Progress Marigold Company

Question 16 --/2 View Policies Current Attempt in Progress Marigold Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Selling Price Item No. Quantity Cost per Unit Cost to Replace Cost of Completion and Disposal Normal Profit 1320 1,400 $3.33 $3.12 $4.68 $0.36 $1.30 1333 1,100 2.81 2.39 3.64 0.52 0.52 1426 1,000 4.68 3.85 5.20 0.42 1.04 1437 1,200 3.74 3.22 3.33 0.26 0.94 1510 900 2.34 2.08 3.38 0.83 0.62 1522 700 3.12 2.81 3.95 0.42 0.52 1573 3,200 1.87 1.66 2.60 0.78 0.52 1626 1,200 4.89 5.41 6.24 0.52 1.04 From the information above, determine the amount of Marigold Company inventory. The amount of Marigold Company's inventory $

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