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
|
|
$4.54 |
|
$4.26 |
|
$6.39
|
|
$0.50
|
|
$1.78
|
|
| 1333 |
|
900
|
|
3.83 |
|
3.27 |
|
4.83
|
|
0.71
|
|
0.71
|
|
| 1426 |
|
800
|
|
6.39 |
|
5.25 |
|
7.10
|
|
0.57
|
|
1.42
|
|
| 1437 |
|
1,000
|
|
5.11 |
|
4.40 |
|
4.54
|
|
0.64
|
|
1.28
|
|
| 1510 |
|
700
|
|
3.20 |
|
2.84 |
|
4.62
|
|
1.14
|
|
0.85
|
|
| 1522 |
|
500
|
|
4.26 |
|
3.83 |
|
5.54
|
|
0.57
|
|
0.71
|
|
| 1573 |
|
3,000
|
|
2.56 |
|
2.27 |
|
3.55
|
|
1.07
|
|
0.71
|
|
| 1626 |
|
1,000
|
|
6.67 |
|
7.38 |
|
8.52
|
|
0.71
|
|
1.42
|
|
From the information above, determine the amount of Sedato Company inventory.