A local Chevrolet dealership carries the following types of vehicles:

Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks.

Determine whether each inventory item would be reported at cost or net realizable value (NRV). Enter the amount of either the Unit Cost or Unit NRV in the "Lower of Cost and NRV per unit" column and then multiply this amount by the quantity of each inventory item and enter it in the Total column.

Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Quantity 2 5 1 6 2 Unit Cost $17,000 16,000 11,000 15,000 27,000 26,000 Unit NRV $15,000 15,000 13,000 18,000 30,000 18,000 7 Inventory Items Cost or NRV Lower of Cost and NRV per unit Total Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Total