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Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.
1,200
$6.39
$0.50
$1.78
900
4.83
0.71
800
7.10
0.57
1.42
1,000
4.54
0.64
1.28
700
4.62
1.14
0.85
500
5.54
3,000
3.55
1.07
8.52
From the information above, determine the amount of Sedato Company inventory.
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