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Cheyenne 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
Cheyenne 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 | 1,600 | $3.84 | $5.40 | $1.92 | ||||
| 1333 | 1,300 | 3.24 | 4.08 | 1.20 | ||||
| 1426 | 1,200 | 5.40 | 6.00 | 1.68 | ||||
| 1437 | 1,400 | 4.32 | 3.84 | 1.62 | ||||
| 1510 | 1,100 | 2.70 | 3.90 | 1.68 | ||||
| 1522 | 900 | 3.60 | 4.68 | 0.96 | ||||
| 1573 | 3,400 | 2.16 | 3.00 | 1.44 | ||||
| 1626 | 1,400 | 5.64 | 7.20 | 1.80 |
From the information above, determine the amount of Cheyenne Company inventory.
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Lean Auditing Driving Added Value And Efficiency In Internal Audit
Authors: James C. Paterson
1st Edition
1118896882, 978-1118896884
