Exercise 9-7 XYour answer is incorrect. Try again Skysong Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis Cost per Estimated Selling Price Cost of Completion and Disposal Item No. Quantity Unit Replace 1320 1,600 1333 1,300 1426 1,200 1437 1,400 1510 1,100 1522 1573 3,400 1626 1,400 Normal Profit $1.54 0.62 1.23 1.11 0.74 0.62 0.62 1.23 Cost to $3.69 2.83 4.55 3.81 2.46 3.32 1.97 6.40 $5.54 4.31 6.15 3.94 4.00 4.67 3.08 7.38 $0.43 0.62 0.49 0.31 0.98 0.49 0.92 0.62 $3.94 36- 3.32 5.54 4.43 2.77 3.69 2.21 5.78 900 From the information above, determine the amount of Skysong Company inventory The amount of Skysong Company's inventory 40861