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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. Metlock Company follows the practice of pricing its inventory

Metlock Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. image text in transcribed

Metlock Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. 1320 1333 1426 1437 Cost to Replace $3.30 2.53 Estimated Selling Price $4.95 3.85 Cost per Unit $3.52 2.97 4.95 3.96 2.48 3.30 1.98 5.17 Quantity 1,700 1,400 1,300 1,500 1,200 1,000 3,500 1,500 Cost of Completion and Disposal $0.39 0.55 0.44 0.28 0.88 5.50 4.07 3.41 2.20 Normal Profit $1.38 0.55 1.10 0.99 0.66 0.55 0.55 1510 2.97 3.52 3.58 4.18 2.75 6.60 1522 1573 1626 0.44 1.76 5.72 0.83 0.55 1.10 From the information above, determine the amount of Metlock Company inventory. The amount of Metlock Company's inventory Click if you would like to Show Work for this question: Open Show Work

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