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Problem - Shamrock 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
$3.52
$4.95
$1.76
1333
1,100
2.97
3.74
1.10
1426
1,000
4.95
5.50
1.54
1437
1,200
3.96
3.52
1.49
1510
900
2.48
3.58
1522
700
3.30
4.29
0.88
1573
3,200
1.98
2.75
1.32
1626
5.17
6.60
1.65
Required - From the information above, determine the amount of Shamrock Company inventory.
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