E9-7 (L02) (Lower-of-Cost-or-Market) Referring to the inventory data for Sedato Company in E9-3, assume that Sedato fol lows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost Estimated Cost of Completion Item No. Quantity per Unit 1,200 900 800 1,000 700 500 3,000 1,000 eplace Selling Priceand DisposalNormal Profit 1320 1333 1426 1437 1510 1522 1573 1626 $3.20 2.70 4.50 3.60 2.25 3.00 1.80 4.70 $3.00 2.30 3.70 3.10 2.00 2.70 1.60 5.20 $4.50 3.50 5.00 3.20 3.25 3.80 2.50 6.00 $0.35 0.50 0.40 0.25 0.80 0.40 0.75 0.50 $1.25 0.50 1.00 0.90 0.60 0.50 0.50 1.00 Instructions From the information above, determine the amount of Sedato Company inventory