Tamarisk 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 & Disposal	Normal Profit
1320	2000	3.68	3.45	5.18	0.40	1.44
1333	1700	3.11	2.65	4.03	0.58	0.58
1426	1600	5.18	4.26	5.75	0.46	1.15
1437	1800	4.14	3.57	3.68	0.29	1.04
1510	1500	2.59	2.30	3.74	0.92	0.69
1522	1300	3.45	3.11	4.37	0.46	0.58
1573	3800	2.07	1.84	2.88	0.86	0.58
1626	1800	5.41	5.98	6.90	0.58	1.15

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

What is the amount of Tamarisk Companys inventory?

Please explain how you determined the LCM when computing and why you selected that price.