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Tamarisk 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 | | 1,400 | | | $3.33 | | | $3.12 | | | $4.68 | | | $0.36 | | | $1.30 | |
1333 | | 1,100 | | | 2.81 | | | 2.39 | | | 3.64 | | | 0.52 | | | 0.52 | |
1426 | | 1,000 | | | 4.68 | | | 3.85 | | | 5.20 | | | 0.42 | | | 1.04 | |
1437 | | 1,200 | | | 3.74 | | | 3.22 | | | 3.33 | | | 0.26 | | | 0.94 | |
1510 | | 900 | | | 2.34 | | | 2.08 | | | 3.38 | | | 0.83 | | | 0.62 | |
1522 | | 700 | | | 3.12 | | | 2.81 | | | 3.95 | | | 0.42 | | | 0.52 | |
1573 | | 3,200 | | | 1.87 | | | 1.66 | | | 2.60 | | | 0.78 | | | 0.52 | |
1626 | | 1,200 | | | 4.89 | | | 5.41 | | | 6.24 | | | 0.52 | | | 1.04 | |
From the information above, determine the amount of Tamarisk Company inventory.
The amount of Tamarisk Companys inventory | | $ |
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