SEDATO COMPANY FOLLOWS THE PRACTICE OF PRICING ITS INVENTORY AT THE LOWER-OF-COST-OR-MARKET, ON AN INDIVIDUAL-ITEM BASIS. COST ESTIMATED COST OF COMPLETION ITEM PER COST TO SELLING No. QUANTITY UNIT REPLACE PRICE AND DISPOSAL NORMAL PROFIT 1320 1,200 $3.20 $3.00 $4.50 $0.35 $1.25 1333 900 2.70 3.40 3.40 0.50 0.50 1426 800 4.50 3.70 5.00 0.40 1.00 1437 1,000 3.60 3.10 3.20 0.45 0.90 1510 700 2.25 2.00 3.25 0.80 0.60 1522 500 3.00 2.70 3.90 0.40 0.50 1573 3,000 1.80 1.60 2.50 0.75 0.50 1626 1,000 4.70 5.20 6.00 0.50 1.00 INSTRUCTIONS FROM THE INFORMATION ABOVE, DETERMINE THE AMOUNT OF SEDATO COMPANY'S INVENTORY USING LCNRV METHOD