E9.7 (LO 2 ) (Lower-of-Cost-or-Market) Wangerin Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on ai individual-item basis. Cost Cost Estimated cost of Completion Item No. Quantity per Unit to Replace Selling Price and Disposal 1320 1,200 $3.20 $3.00 $4.50 $0.35 Normal Profit $1.25 1333 900 2.70 2.30 3.50 0.50 0.50 1426 800 4.50 3.70 5.00 0.40 1.00 1437 1,000 3.60 3.10 3.20 0.25 0.90 1510 700 2.25 2.00 3.25 0.80 0.60 1522 500 3.00 2.70 3.80 0.40 0.50 1573 3,000 1.80 1.60 2.50 0.75 0.50 1626 1,000 4.70 5.20 6.00 0.50 1.00 Instructions From the information above, determine the amount of Wangerin Company inventory