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Normal Profit 1320 $1.56 3.38 0.63 Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market on an individual-item basis. Item Cost per
Normal Profit 1320 $1.56 3.38 0.63 Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market on an individual-item basis. Item Cost per Cost to Estimated Selling Cost of Completion and No. Quantity Unit Replace Price Disposal 1,700 $4.00 53.75 55.63 50.44 1333 1.400 2.88 4.38 0.63 1426 1.300 5.63 4.63 6.25 0.50 1437 1.500 450 3.88 4.00 0.31 1510 1.200 281 2.50 4.06 1.00 1522 1.000 3.75 3.38 4.75 0.50 1573 3.500 225 2.00 3.13 0.94 1626 1.500 5.88 6.50 7.50 0.63 1.25 1.13 0.75 0.63 0.63 1.25 From the information above, determine the amount of Novak Company inventory
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