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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

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 $_________

Jun 25 2021 View more View Less

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