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Exercise 9-7 Marin 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

Exercise 9-7

Marin 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 1,900 $3.62 $3.39 $5.09 $0.40 $1.41
1333 1,600 3.05 2.60 3.96 0.57 0.57
1426 1,500 5.09 4.18 5.65 0.45 1.13
1437 1,700 4.07 3.50 3.62 0.28 1.02
1510 1,400 2.54 2.26 3.67 0.90 0.68
1522 1,200 3.39 3.05 4.29 0.45 0.57
1573 3,700 2.03 1.81 2.83 0.85 0.57
1626 1,700 5.31 5.88 6.78 0.57 1.13

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

The amount of Marin Companys inventory $

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