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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

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

2,000 $3.68 $3.45 $5.18 $0.40 $1.44

1333

1,700 3.11 2.65 4.03 0.58 0.58

1426

1,600 5.18 4.26 5.75 0.46 1.15

1437

1,800 4.14 3.57 3.68 0.29 1.04

1510

1,500 2.59 2.30 3.74 0.92 0.69

1522

1,300 3.45 3.11 4.37 0.46 0.58

1573

3,800 2.07 1.84 2.88 0.86 0.58

1626

1,800 5.41 5.98 6.90 0.58 1.15

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

The amount of Vaughn Companys inventory

$enter the dollar amount of Vaughn Company's inventory image text in transcribed

Vaughn Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Unit Item No. Cost to Replace $3.45 2.65 Cost of Completion and Disposal $0.40 0.58 Estimated Selling Price $5.18 4.03 5.75 Normal Profit $1.44 0.58 $3.68 3.11 1320 1333 1426 1437 4.26 0.46 1.15 Quantity 2,000 1,700 1,600 1,800 1,500 1,300 3,800 1,800 3.57 3.68 5.18 4.14 2.59 3.45 2.07 0.29 0.92 1510 2.30 3.11 1.84 3.74 4.37 1.04 0.69 0.58 1522 0.46 1573 2.88 0.86 0.58 1626 5.41 5.98 6.90 0.58 1.15 From the information above, determine the amount of Vaughn Company inventory. The amount of Vaughn Company's inventory $

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