Exercise 9-7

Blue 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 1,800 $3.58 $3.36 $5.04 $0.39 $1.40

1333 1,500 3.02 2.58 3.92 0.56 0.56

1426 1,400 5.04 4.14 5.60 0.45 1.12

1437 1,600 4.03 3.47 3.58 0.28 1.01 1510 1,300 2.52 2.24 3.64 0.90 0.67

1522 1,100 3.36 3.02 4.26 0.45 0.56

1573 3,600 2.02 1.79 2.80 0.84 0.56

1626 1,600 5.26 5.82 6.72 0.56 1.12

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

The amount of Blue Companys inventory$