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Determine the amount of Nash Company inventory

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Question - Nash Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

Item No.

Quantity

Cost per Unit

Estimated Selling Price

Cost to Complete and Sell

1320

1,400

$3.26

$4.59

$1.63

1333

1,100

2.75

3.47

1.02

1426

1,000

4.59

5.10

1.43

1437

1,200

3.67

3.26

1.38

1510

900

2.30

3.32

1.43

1522

700

3.06

3.98

0.82

1573

3,200

1.84

2.55

1.22

1626

1,200

4.79

6.12

1.53

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

Reference no: EM132508940

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