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Novak Company follows the practice of pricing its inventory at the lower of cost or market,on an individual-item basis Cost per Unit Cost to Replace

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Novak Company follows the practice of pricing its inventory at the lower of cost or market,on an individual-item basis Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit Item No. Quantity 1320 1,900 1333 1,600 1426 1,50o 1437 1.700 1510 1,400 1522 1,200 1573 3,700 1626 1.700 $3.39 2.60 4.18 3.50 2.26 3.05 1.81 5.88 $5.09 3.96 5.65 3.62 3.67 4.29 2.83 6.78 $0.40 0.57 0.45 0.28 0.90 0.45 : 0.85 0.57 $1.41 0.57 1.13 1.02 0.68 0.57 0.57 1.13 $3.62 5.09 4.07 2.54 3.39 2.03 5.31 From the information above, determine the amount of Novak Company inventory The amount of Novak Company's inventory$

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