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CES Exercise 9-7 Crane Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Cost of Cost per Item

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CES Exercise 9-7 Crane Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Cost of Cost per Item No. Quantity UnitReplace Priceand Disposal Profit 1320 2,000 $3.68 $3.45 1333 1,700 3.11 1426 1,600 5.18 1437 1,8004.14 1510 1,5002.59 1522 1,300 3.45 1573 3,800 1626 1,800 5.41 Completion Normal Cost to $0.40 0.58 0.46 0.29 0.92 0.46 0.86 0.58 $1.44 0.58 1.15 1.04 0.69 0.58 0.58 1.15 $5.18 4.03 5.75 3.68 3.74 4.37 2.88 6.90 2.65 4.26 3.57 2.30 3.11 1.84 5.98 dy 2.07 From the information above, determine the amount of Crane Company inventory. The amount of Crane Company's inventory Click if you would like to Show Work for this question: Open Show Work

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