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Teal Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Unit Estimated Selling Price Cost of Completion
Teal Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Unit Estimated Selling Price Cost of Completion and Disposal Normal Profit Cost to Replace $3.06 2.35 $1.28 0.51 3.77 Item No. Quantity 1320 1,300 1333 1,000 1426 900 1437 1,100 1510 800 1522 600 15733,100 1626 1,100 $3.26 2.75 4.59 3.67 2.30 3.06 1.84 4.79 $4.59 3.57 5.10 3.26 3.32 $0.36 0.51 0.41 0.26 0.82 2.04 0.61 3.88 0.41 2.75 1.63 5.30 0.51 0.51 2.55 6.12 0.77 0.51 1.02 From the information above, determine the amount of Teal Company inventory. The amount of Teal Company's inventory
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