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Determine the proper unit value for balance sheet

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Nash Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products 0, E, F, G, H, and I. Relevant per unit data for these products appear below.

 

Item D

Item E

Item F

Item G

Item H

Item I

Estimated selling price

$149

$136

$118

$112

$136

$112

Cost

93

99

99

99

62

45

Cost to complete

37

37

31

43

37

37

Selling costs

12

22

12

25

12

25

Question 1: Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2017, for each of the inventory items

Item D

$         45643

Item E

$            6578

Item F

$            2345

Item G

$            7532

Item H

$          87234

Item I

$          67876

Reference no: EM132476662

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