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Sheffield 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

Sheffield 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

1,300 $3.74 $3.51 $5.27 $0.41 $1.46

1333

1,000 3.16 2.69 4.10 0.59 0.59

1426

900 5.27 4.33 5.85 0.47 1.17

1437

1,100 4.21 3.63 3.74 0.29 1.05

1510

800 2.63 2.34 3.80 0.94 0.70

1522

600 3.51 3.16 4.45 0.47 0.59

1573

3,100 2.11 1.87 2.93 0.88 0.59

1626

1,100 5.50 6.08 7.02 0.59 1.17

From the information above, determine the amount of Sheffield Company inventory.

The amount of Sheffield Companys inventory

$_____________________

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