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Grouper 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

Grouper 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 1,300 $3.26 $3.06 $4.59 $0.36 $1.28
1333 1,000 2.75 2.35 3.57 0.51 0.51
1426 900 4.59 3.77 5.10 0.41 1.02
1437 1,100 3.67 3.16 3.26 0.26 0.92
1510 800 2.30 2.04 3.32 0.82 0.61
1522 600 3.06 2.75 3.88 0.41 0.51
1573 3,100 1.84 1.63 2.55 0.77 0.51
1626 1,100 4.79 5.30 6.12 0.51 1.02

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

The amount of Grouper Companys inventory: $__________

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