Determine the amount of sage company inventory

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Sage Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

Item No. Quantity Cost
per Unit
Estimated
Selling Price
Cost to Complete
and Sell
1320 2,000 $3.71 $5.22 $1.86
1333 1,700 3.13 3.94 1.16
1426 1,600 5.22 5.80 1.62
1437 1,800 4.18 3.71 1.57
1510 1,500 2.61 3.77 1.62
1522 1,300 3.48 4.52 0.93
1573 3,800 2.09 2.90 1.39
1626 1,800 5.45 6.96 1.74

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

Reference no: EM131783244

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