Exercise 9-07

Windsor Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.

Item No.		Quantity			Cost per Unit			Cost to Replace			Estimated Selling Price			Cost of Completion and Disposal			Normal Profit
1320		1,600			$3.46			$3.24			$4.86			$0.38			$1.35
1333		1,300			2.92			2.48			3.78			0.54			0.54
1426		1,200			4.86			4.00			5.40			0.43			1.08
1437		1,400			3.89			3.35			3.46			0.27			0.97
1510		1,100			2.43			2.16			3.51			0.86			0.65
1522		900			3.24			2.92			4.10			0.43			0.54
1573		3,400			1.94			1.73			2.70			0.81			0.54
1626		1,400			5.08			5.62			6.48			0.54			1.08

From the information above, determine the amount of Windsor Company inventory.

The amount of Windsor Companys inventory

$enter the dollar amount of Windsor Company's inventory