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Exercise 9-7 Cheyenne Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Selling Price $5.31 4.13 5.90 Cost
Exercise 9-7 Cheyenne Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Selling Price $5.31 4.13 5.90 Cost of Completion and Disposal $0.41 0.59 0.47 Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Cost per Unit $3.78 3.19 5.31 4.25 2.66 Quantity 1,300 1,000 900 1,100 800 600 3,100 1,100 Cost to Replace $3.54 2.71 4.37 3.66 2.36 3.19 1.89 6.14 Normal Profit $1.48 0.59 1.18 1.06 0.71 0.59 0.59 1.18 3.78 0.30 3.84 3.54 0.94 0.47 0.89 0.59 4.48 2.95 7.08 2.12 5.55 From the information above, determine the amount of Cheyenne Company inventory. The amount of Cheyenne Company's inventory
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