Posted: December 12th, 2021

Michael bolton company follows the practice of pricing…

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

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Item No.   Quantity   Cost per Unit   Cost to Replace   Estimated Selling Price   Cost of Completion and Disposal   Normal Profit
1320   1,900     $4.64     $4.35     $6.53     $0.51     $1.81  
1333   1,600     3.92     3.34     5.08     0.73     0.73  
1426   1,500     6.53     5.37     7.25     0.58     1.45  
1437   1,700     5.22     4.50     4.64     0.36     1.31  
1510   1,400     3.26     2.90     4.71     1.16     0.87  
1522   1,200     4.35     3.92     5.51     0.58     0.73  
1573   3,700     2.61     2.32     3.63     1.09     0.73  
1626   1,700     6.82     7.54     8.70     0.73     1.45  

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

The amount of Sedato Company’s inventory $______________    

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