Ch. 9, Q. 10

Matlock Company follows the practice of pricing its inventory at the lower-of-cost-or-mariet, on an individual-item basis. Item No. Quantity Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit $4.95 $1.29 1320 1330 1426 1,700 1,400 $3.52 2.97 4.95 $9.30 2.53 4.07 $0.99 0.55 3.85 0.55 1.10 1.300 5.50 1437 1.500 1510 1522 1573 1626 1.98 3,500 1,500 5.17 5.72 From the information above, determine the amount of Matlock Company inventory. The amount of Matlock Company's inventory $ 35109