Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Item No. Cost to Replace $3.75 Cost of Completion and Disposal $0.44 Normal Profit Unit Estimated Selling Price $5.63 4.38 1320 $1.56 $4.00 3.38 1333 2.88 0.63 0.63 1426 5.63 4.63 6.25 0.50 1.25 1437 Quantity 1,700 1,400 1,300 1,500 1,200 1,000 3,500 1,500 4.50 3.88 4.00 0.31 1.13 1510 2.81 2.50 1.00 0.75 4.06 4.75 1522 3.75 3.38 0.50 0.63 1573 2.25 2.00 3.13 0.94 0.63 1626 5.88 6.50 7.50 0.63 1.25 From the information above, determine the amount of Novak Company inventory. The amount of Novak Company's inventory $