Nbspquestionsedato company follows the practice of pricing

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Reference no: EM13376155

Question:

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	1,500	$5.86	$5.49	$8.24	$0.64	$2.29
1333	1,200	4.94	4.21	6.22	0.92	0.92
1426	1,100	8.24	6.77	9.15	0.73	1.83
1437	1,300	6.59	5.67	5.86	0.82	1.65
1510	1,000	4.12	3.66	5.95	1.46	1.10
1522	800	5.49	4.94	7.14	0.73	0.92
1573	3,300	3.29	2.93	4.58	1.37	0.92
1626	1,300	8.60	9.52	10.98	0.92	1.83

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

Reference no: EM13376155

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