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Metlock 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 of Completion and
Metlock 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 of Completion and Disposal $0.39 Normal Profit 0.55 1320 1333 1426 1437 1510 1522 1573 Quantity 1,700 1,400 1,300 1,500 1,200 1,000 3,500 $3.52 2.97 4.95 3.96 2.48 3.30 1.98 5.17 Cost to Replace $3.30 2.53 4.07 3.41 2.20 2.97 1.76 Estimated Selling Price $4.95 3.85 5.50 3.52 3.58 4.18 2.75 6.60 0.44 0.28 0.88 0.44 0.83 0.55 $1.38 0.55 1.10 0.99 0.66 0.55 0.55 1.10 1626 1,500 5.72 From the information above, determine the amount of Metlock Company inventory. The amount of Metlock Company's inventory &
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