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Exercise 9-7 Shamrock Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost Item Estimated per No. Cost of
Exercise 9-7 Shamrock Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost Item Estimated per No. Cost of Quantity Cost to Unit Selling Replace Completion 1320 Price 1,900 and Disposal $3.65 $3.42 Profit 1333 $5.13 1,600 3.08 $0.40 2.62 $1.43 1426 3.99 1,500 5.13 0.57 0.97 1437 5.70 1,700 0.46 1510 3.65 1,400 0.29 1522 1,200 3.71 0.91 1573 4,33 0.46 1626 2.85 1,700 0.86 6.84 0.57 4.22 0.68 3,700 UNWN From the information above, determine the amount of Shamrock Company inventory. The amount of Shamrock Company's inventory
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