Michael bolton company follows the practice of pricing its

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Michael Bolton 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
1,400

$4.32

$4.05

$6.08

$0.47

$1.69
1333
1,100

3.65

3.11

4.73

0.68

0.68
1426
1,000

6.08

5.00

6.75

0.54

1.35
1437
1,200

4.86

4.19

4.32

0.34

1.22
1510
900

3.04

2.70

4.39

1.08

0.81
1522
700

4.05

3.65

5.13

0.54

0.68
1573
3,200

2.43

2.16

3.38

1.01

0.68
1626
1,200

6.35

7.02

8.10

0.68

1.35

From the information above, determine the amount of Bolton Company inventory.

Reference no: EM13587774

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