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Ayayai Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item...

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Accounting

Ayayai 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

Item No.

Quantity

Cost per Unit

Cost to Replace

Estimated Selling Price

Cost of Completion and Disposal

Normal Profit

1320

1,400

$3.30

$3.09

$4.64

$0.36

$1.29

1333

1,100

2.78

2.37

3.61

0.52

0.52

1426

1,000

4.64

3.81

5.15

0.41

1.03

1437

1,200

3.71

3.19

3.30

0.26

0.93

1510

900

2.32

2.06

3.35

0.82

0.62

1522

700

3.09

2.78

3.91

0.41

0.52

1573

3,200

1.85

1.65

2.58

0.77

0.52

1626

1,200

4.84

5.36

6.18

0.52

1.03

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

The amount of Ayayai Companys inventory

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