Coronado 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 |
$3.30 |
$3.09 |
$4.64 |
$0.36 |
$1.29 |
| 1333 |
1,100 |
2.78 |
2.37 |
3.61 |
0.52 |
0.52 |
| 1426 |
1,000 |
4.64 |
3.81 |
5.15 |
0.41 |
1.03 |
| 1437 |
1,200 |
3.71 |
3.19 |
3.30 |
0.26 |
0.93 |
| 1510 |
900 |
2.32 |
2.06 |
3.35 |
0.82 |
0.62 |
| 1522 |
700 |
3.09 |
2.78 |
3.91 |
0.41 |
0.52 |
| 1573 |
3,200 |
1.85 |
1.65 |
2.58 |
0.77 |
0.52 |
| 1626 |
1,200 |
4.84 |
5.36 |
6.18 |
0.52 |
1.03 |
From the information above, determine the amount of Coronado Company inventory.
The amount of Coronado Company's inventory