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Bramble Furniture Shop Inc uses the lower of cost and net realizable value basis (LCNRV) for reporting its inventory. The following data are available at

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Bramble Furniture Shop Inc uses the lower of cost and net realizable value basis (LCNRV) for reporting its inventory. The following data are available at December 31. Units Cost/Unit Net Realizable Value Tables Large 22 $ 278 $ 270 Small 17 140 146 Chairs Plastic 42 46 39 Wooden 41 19 29 What amount should be reported on Bramble Furniture Shop's financial statements, after the lower of cost and net realizable value rule is applied to individual inventory items? LCNRV Tables: Large 5,940 Small 1 Chairs: Plastic 1,638 Wooden Total $

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