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A local Chevrolet dealership carries the following types of vehicles: Unit Unit Inventory Items Quantity Cost NRV Vans $26,500 17,900 $24,500 16,900 14,900 Trucks 2-door

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A local Chevrolet dealership carries the following types of vehicles: Unit Unit Inventory Items Quantity Cost NRV Vans $26,500 17,900 $24,500 16,900 14,900 Trucks 2-door sedans 4-door sedans 12,900 16,900 36,500 29,800 19,900 39.500 Sports cars SUVS 3 27,500 Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVS, vans, and trucks. 2. Determine whether each inventory item would be reported at cost or net realizable value (NRV). Enter the Cost per Unit for the "Lower of Cost and net realizable value" and then multiply the quantity of each inventory item by the appropriate cost or NRV amount and enter it in the Total column. Lower of Cost and NRV per Inventory Items Cost or NRV Total unit Vans NRV 8,166 S 24.498 Trucks NRV 2-door sedans Cost 4-door sedans Cost Sports cars Cost NRV SUVS Total 24.498

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