Vaughn 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 1,700 $4.00 $3.75 $5.63 $0.44 $1.56 1333 1,400 3.38 2.88 4.38 0.63 0.63 1426 1,300 5.63 4.63 6.25 0.50 1.25 1437 1,500 4.50 3.88 4.00 0.31 1.13 1510 1,200 2.81 2.50 4.06 1.00 0.75 1522 1,000 3.75 3.38 4.75 0.50 0.63 1573 3,500 2.25 2.00 3.13 0.94 0.63 1626 1,500 5.88 6.50 7.50 0.63 1.25 From the information above, determine the amount of Vaughn Company inventory. The amount of Vaughn Companys inventory $Entry field with incorrect answer Click if you would like to Show Work for this question: Open Show Work

Exercise 9-7 xYour answer is incorrect. Try again. Vaughn Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost of Completion and tem No. Quantity Unit 1320 1,700 1333 1,400 1426 ,300 1437 1,500 1510 1,200 1522 1,000 1573 3,500 1626 1,500 Normal Profit $1.56 0.63 1.25 1.13 0.75 0.63 0.63 1.25 Cost per Cost to Estimated Replace $3.75 2.88 4.63 3.88 2.50 3.38 2.00 6.50 Disposal $0.44 0.63 0.50 0.31 1.00 0.50 0.94 0.63 Selling Price $4.00 3.38 5.63 4.50 2.81 3.75 2.25 5.88 $5.63 4.38 6.25 4.00 4.06 4.75 3.13 7.50 From the information above, determine the amount of Vaughn Company inventory The amount of Vaughn Company's inventory 37737