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NEED ANSWER TO AS FOLLOWS: The amount of Bolton Companys inventory Michael Bolton Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on

NEED ANSWER TO AS FOLLOWS:

The amount of Bolton Companys inventory

Michael Bolton 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 1,800 $4.83 $4.53 $6.80 $0.53 $1.89
1333 1,500 4.08 3.47 5.29 0.76 0.76
1426 1,400 6.80 5.59 7.55 0.60 1.51
1437 1,600 5.44 4.68 4.83 0.38 1.36
1510 1,300 3.40 3.02 4.91 1.21 0.91
1522 1,100 4.53 4.08 5.74 0.60 0.76
1573 3,600 2.72 2.42 3.78 1.13 0.76
1626 1,600 7.10 7.85 9.06 0.76 1.51

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

The amount of Bolton Companys inventory

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