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Tamarisk 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 | | | $3.71 | | | $3.48 | | | $5.22 | | | $0.41 | | | $1.45 | |
1333 | | 1,700 | | | 3.13 | | | 2.67 | | | 4.06 | | | 0.58 | | | 0.58 | |
1426 | | 1,600 | | | 5.22 | | | 4.29 | | | 5.80 | | | 0.46 | | | 1.16 | |
1437 | | 1,800 | | | 4.18 | | | 3.60 | | | 3.71 | | | 0.29 | | | 1.04 | |
1510 | | 1,500 | | | 2.61 | | | 2.32 | | | 3.77 | | | 0.93 | | | 0.70 | |
1522 | | 1,300 | | | 3.48 | | | 3.13 | | | 4.41 | | | 0.46 | | | 0.58 | |
1573 | | 3,800 | | | 2.09 | | | 1.86 | | | 2.90 | | | 0.87 | | | 0.58 | |
1626 | | 1,800 | | | 5.45 | | | 6.03 | | | 6.96 | | | 0.58 | | | 1.16 | |
From the information above, determine the amount of Tamarisk Company inventory.
The amount of Tamarisk Companys inventory | | $enter the dollar amount of Tamarisk Company's inventory |
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