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Question 4 of 12 0/5 View Policies Show Attempt History Current...

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Accounting

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Question 4 of 12 0/5 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. 1320 1333 Cost per Unit $4.00 3,38 5.63 4.50 2.81 Estimated Selling Price $5.63 4.38 6.25 Quantity 1,700 1.400 1.300 1.500 1,200 1.000 3,500 1.500 1426 1437 1510 1522 1573 1626 Cost to Replace $3.75 2.88 4.63 3.88 2.50 3.38 2.00 6.50 Cost of Completion and Disposal $0.44 0.63 0.50 0.31 1.00 0.50 0.94 0.63 Normal Profit $1.56 0.63 1.25 1.13 0.75 0.63 0.63 4.00 4.06 4.75 3.75 2.25 5.88 3.13 7.50 1.25 From the information above, determine the amount of Novak Company inventory The amount of Novak Company's inventory $

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