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Crane Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis Estimated Selling Price Cost of Completion and Disposal Cost
Crane Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis Estimated Selling Price Cost of Completion and Disposal Cost per No. Quantity Unit $3.26 2.75 4.59 3.67 2.30 3.06 1.84 4.79 Cost to Replace $3.06 2.35 3.77 3.16 2.04 2.75 1.63 5.30 Item Normal 1320 1,300 1333 1,000 1426 1437 1,100 1510 1522 1573 3,100 1626 1,100 $4.59 3.57 5.10 3.26 3.32 3.88 2.55 6.12 $0.36 0.51 0.41 0.26 0.82 0.41 0.77 0.51 Profit $1.28 0.51 1.02 0.92 0.61 0.51 0.51 1.02 900 800 600 From the information above, determine the amount of Crane Company inventory The amount of Crane Cormpany's inventory
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