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Culver Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis

Culver 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   1,900     $3.62     $3.39     $5.09     $0.40     $1.41  
1333   1,600     3.05     2.60     3.96     0.57     0.57  
1426   1,500     5.09     4.18     5.65     0.45     1.13  
1437   1,700     4.07     3.50     3.62     0.28     1.02  
1510   1,400     2.54     2.26     3.67     0.90     0.68  
1522   1,200     3.39     3.05     4.29     0.45     0.57  
1573   3,700     2.03     1.81     2.83     0.85     0.57  
1626   1,700     5.31     5.88     6.78     0.57     1.13  


From the information above, determine the amount of Culver Company inventory.
The amount of Culver Company’s inventory$

Jul 22 2020 View more View Less

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