Crane Company follows the practice of pricing its inventory atthe 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 | | 1,300 | | | $3.23 | | | $3.03 | | | $4.55 | | | $0.35 | | | $1.26 | |
|---|
1333 | | 1,000 | | | 2.73 | | | 2.32 | | | 3.54 | | | 0.51 | | | 0.51 | |
|---|
1426 | | 900 | | | 4.55 | | | 3.74 | | | 5.05 | | | 0.40 | | | 1.01 | |
|---|
1437 | | 1,100 | | | 3.64 | | | 3.13 | | | 3.23 | | | 0.25 | | | 0.91 | |
|---|
1510 | | 800 | | | 2.27 | | | 2.02 | | | 3.28 | | | 0.81 | | | 0.61 | |
|---|
1522 | | 600 | | | 3.03 | | | 2.73 | | | 3.84 | | | 0.40 | | | 0.51 | |
|---|
1573 | | 3,100 | | | 1.82 | | | 1.62 | | | 2.53 | | | 0.76 | | | 0.51 | |
|---|
1626 | | 1,100 | | | 4.75 | | | 5.25 | | | 6.06 | | | 0.51 | | | 1.01 | |
|---|
From the information above, determine the amount of Crane Companyinventory.
| The amount of Crane Company’s inventory | | Enter the dollar amount |
$
