Exercise 9-07 Kingbird Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an Individual-item basis. Item No. Quantity 1320 1,500 1333 1,200 1426 1,100 1437 1,300 1510 1,000 1522 800 15733,300 1626 1,300 Cost per Unit $3.87 3.27 5.45 4.36 2.72 3.63 2.18 5.69 Cost to Replace $3.63 2.78 4.48 3.75 2.42 3.27 1.94 Estimated Selling Price $5.45 4.24 6.05 3.87 3.93 4.60 3.03 7.26 Cost of Completion and Disposal $0.42 0.61 0.48 0.30 0.97 0.48 0.91 0.61 Normal Profit $1.51 0.61 1.21 1.09 0.73 0.61 0.61 1.21 From the information above, determine the amount of Kingbird Company Inventory The amount of Kingbird Company's inventory s Exercise 9-21 x Your answer is incorrect. Try again Presented below is information related to Concord Company Cost $131.950 1.361,000 Beginning inventory Purchases Marius Markup cancellations Markdowns Markdown cancellations Sales revenue Retail $286.000 2,123,000 95,000 15,700 38.400 4,700 2,216,000 Compute the invertory by the conventional retail inventory method. (Round ratios for computational Ending inventory using conventional retail inventory method 14.316 Oak You w i n in Show Work for this