Question 4 Sheridan Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Cost per Unit $3.42 2.89 4.82 3.85 2.41 3.21 1.93 5.03 Cost to Replace $3.21 2.46 3.96 3.32 2.14 2.89 1.71 5.56 Estimated Selling Price $4.82 3.75 5.35 3.42 3.48 4.07 2.68 6.42 Cost of Completion and Disposal $0.37 0.54 0.43 0.27 0.86 0.43 0.80 0.54 Normal Profit $1.34 0.54 1.07 0.96 0.64 0.54 0.54 1.07 From the information above, determine the amount of Sheridan Company inventory. The amount of Sheridan Company's inventory