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9-7
Sandhill 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 |
1900 | $3.65 | $3.42 | $5.13 | $0.40 | $1.43 |
| 1333 | 1600 | 3.08 | 2.62 | 3.99 | 0.57 | 0.57 |
| 1426 | 1500 | 5.13 | 4.22 | 5.70 | 0.46 | 1.14 |
| 1437 | 1700 | 4.10 | 3.53 | 3.65 | 0.29 | 1.03 |
| 1510 | 1400 | 2.57 | 2.28 | 3.71 | 0.91 | 0.68 |
| 1522 | 1200 | 3.42 | 3.08 | 4.33 | 0.46 | 0.57 |
| 1573 | 3700 | 2.05 | 1.82 | 2.85 | 0.86 | 0.57 |
| 1626 | 1700 | 5.36 | 5.93 | 6.84 | 0.57 | 1.14 |
From the information above, determine the amount of Sandhill Company inventory, The amount of Sandhill Company's inventory $_________
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