Compute the amount of sedato company inventory

Reference no: EM131975287

Problem

Sedato 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	1,200	$3.20	$3.00	$4.50	$0.35	$1.25
1333	900	2.70	2.30	3.50	0.50	0.50
1426	800	4.50	3.70	5.00	0.40	1.00
1437	1,000	3.60	3.10	3.20	0.25	0.90
1510	700	2.25	2.00	3.25	0.80	0.60
1522	500	3.00	2.70	3.80	0.40	0.50
1573	3,000	1.80	1.60	2.50	0.75	0.50
1626	1,000	4.70	5.20	6.00	0.50	1.00

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

Reference no: EM131975287

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