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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. Quantity Cost per Unit Cost to Replace
Metlock 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 1,700 $3.52 $3.30 $4.95 $0.39 $1.38 1333 1,400 2.97 2.53 3.85 0.55 0.55 1426 1,300 4.95 4.07 5.50 0.44 1.10 1437 1,500 0.99 1510 1,200 0.66 1522 1,000 0.55 3,500 1.98 1.76 2.75 0.55 1573 1626 1,500 5.17 5.72 6.60 1.10 From the information above, determine the amount of Metlock Company inventory. The amount of Metlock Company's inventory $
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