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Michael Bolton Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an...

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Accounting

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

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Cost per Estimated Selling Price Cost of Completion and Disposal Item Normal Profit $1.63 0.65 1.30 1.17 0.78 0.65 0.65 1.30 Cost to No. Quantity Unit Replace 13201,800 1333 1426 14371,600 15101,300 15221,100 15733,600 16261,600 $4.16 3.51 5.85 4.68 2.93 3.90 2.34 6.11 $3.90 2.99 4.81 4.03 2.60 3.51 2.08 6.76 $5.85 4.55 6.50 4.16 4.23 4.94 3.25 7.80 $0.46 0.65 0.52 0.33 1.04 0.52 0.98 0.65 1,500 1,400 From the information above, determine the amount of Bolton Company inventory The amount of Bolton Company's inventory

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