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Current Attempt in Progress Novak 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
Current Attempt in Progress Novak 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 Item No. Quantity Cost per Unit Cost to Replace Normal Profit 1320 1,700 $4.00 $3.75 $5.63 $0.44 $1.56 1333 1,400 3.38 2.88 4.38 0.63 0.63 1426 1,300 5.63 4.63 6.25 1.25 0.50 0.31 1437 1,500 4.50 00 4.00 1.13 1510 1,200 2.81 in 1.00 0.75 1,000 3.75 0.50 0.63 1522 1573 W 3,500 2.25 2.00 3.13 0.94 0.63 1626 1,500 5.88 6.50 7.50 0.63 1.25 From the information above, determine the amount of Novak Company inventory. The amount of Novak Company's inventory $
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