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Exercise 9-07 Marigold Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on...

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Exercise 9-07 Marigold Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual- item basis. Cost Estimated Item per Cost to Selling No. Quantity Unit Replace Price 1320 1,400 $3.33 $3.12 $4.68 1333 1,100 2.81 2.39 3.64 1426 1,000 4.68 3.85 5.20 1437 1,200 3.74 3.22 3.33 1510 900 2.34 2.08 3.38 1522 700 3.12 2.81 3.95 1573 3,200 1.87 1.66 2.60 1626 1,200 4.89 5.41 6.24 Cost of Completion and Disposal $0.36 0.52 0.42 0.26 0.83 0.42 0.78 0.52 Normal Profit $1.30 0.52 1.04 0.94 0.62 0.52 0.52 1.04 From the information above, determine the amount of Marigold Company inventory. The amount of Marigold Company's inventory

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