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Blue Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-itern basis.
Item
No.
Quantity
Cost per
Unit
Cost to
Replace
Estimated Selling
Price
Cost of Completion and
Disposal
Normal
Profit
1320
1,500
$3.90
$3.66
$5.49
$0.43
$1.53
1333
1,200
3.29
2.81
4.27
0.61
0.61
1426
1,100
5.49
4.51
6.10
0.49
1.22
1437
1,300
4.39
3.78
3.90
0.31
1.10
1510
1,000
2.75
2.44
3.97
0.98
0.73
1522
800
3.66
3.29
4.64
0.49
0.61
1573
3,300
2.20
1.95
3.05
0.92
0.61
1626
1,300
5.73
6.34
7.32
0.61
1.22
From the information above, determine the amount of Blue Company inventory.
The amount of Blue Company's inventory
$