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Exercise 9-7 Marigold Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Cost per Unit Cost to
Exercise 9-7 Marigold Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal $0.38 Normal Profit 1320 $3.46 $3.24 $4.86 $1.35 1333 2.92 2.48 3.78 0.54 0.54 Quantity 1,600 1,300 1,200 1,400 1,100 1426 4.86 4.00 5.40 0.43 1.08 1437 3.89 3.35 3.46 0.27 0.97 1510 2.43 2.16 3.51 0.86 0.65 1522 900 3.24 2.92 4.10 0.43 0.54 1573 1.94 1.73 2.70 0.81 0.54 3,400 1,400 1626 5.08 5.62 6.48 0.54 1.08 From the information above, determine the amount of Marigold Company inventory. The amount of Marigold Company's inventory $ Click if you would like to Show Work for this question: Open Show Work
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