EXERCISE 41 -!` Oriole Company follows the practice of pricing its inventory at the lower - of - cost- or- market , on an ind LEM ( Lower of Cost or Market Value Rule ) COST TO Estimated Cost Of ITEM NO. Quantity Cost per Unit Selling Completion Normal Replace* Price and Disposal Profit Choose wich is lowest E F 1320 1 , 700 54. 00 $3. 75 5 5. 53 50. 44 51. 50 1333 1 , 400 3. 30 2.68 4. 38 0. 53 0. 53 1420 1, 300 5. 53 4. 53 5. 25 0. 50 1 . 25 1437 1, 500 4. 50 3.38 4. 00 0 . 31 1 . 13 1510 1 , 200 2. 81 2.50 4. 05 1.00 0 . 75 1522 1, 000 3. 75 3.38 4 . 75 0 . 5 0. 53 1.573 3. 500 2. 25 2.00 3. 13 0. 94 0. 53 1520 1, 500 5. BE 5.50 0. 53 1 . 25 From the information above , determine the amount of Oriole Company inventory* The amount of Oriole Company'S inventory $ 45, 117