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Oriole 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

Oriole 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

1,400 $3.84 $3.60 $5.40 $0.42 $1.50

1333

1,100 3.24 2.76 4.20 0.60 0.60

1426

1,000 5.40 4.44 6.00 0.48 1.20

1437

1,200 4.32 3.72 3.84 0.30 1.08

1510

900 2.70 2.40 3.90 0.96 0.72

1522

700 3.60 3.24 4.56 0.48 0.60

1573

3,200 2.16 1.92 3.00 0.90 0.60

1626

1,200 5.64 6.24 7.20 0.60 1.20

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Oriole Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Cost per Unit $3.84 3.24 5.40 1320 1333 Quantity 1,400 1,100 1,000 1,200 900 700 3,200 1,200 Estimated Selling Price $5.40 4.20 6.00 3.84 Cost to Replace $3.60 2.76 4.44 3.72 2.40 3.24 1.92 6.24 Cost of Completion and Disposal $0.42 0.60 0.48 0.30 0.96 0.48 0.90 1426 1437 1510 Normal Profit $1.50 0.60 1.20 1.08 4.32 2.70 3.90 4.56 1522 1573 1626 3.60 2.16 5.64 0.72 0.60 0.60 1.20 3.00 7.20 0.60 From the information above, determine the amount of Oriole Company inventory. The amount of Oriole Company's inventory

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