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

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Accounting

Wildhorse 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 1,600 $3.97 $3.72 $5.58 $0.43 $1.55
1333 1,300 3.35 2.85 4.34 0.62 0.62
1426 1,200 5.58 4.59 6.20 0.50 1.24
1437 1,400 4.46 3.84 3.97 0.31 1.12
1510 1,100 2.79 2.48 4.03 0.99 0.74
1522 900 3.72 3.35 4.71 0.50 0.62
1573 3,400 2.23 1.98 3.10 0.93 0.62
1626 1,400 5.83 6.45 7.44 0.62 1.24
From the information above, determine the amount of Wildhorse Company's inventory.

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