Exercise 9-3

Splish 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		1,900		$3.94		$5.54		$1.97
1333		1,600		3.32		4.18		1.23
1426		1,500		5.54		6.15		1.72
1437		1,700		4.43		3.94		1.66
1510		1,400		2.77		4.00		1.72
1522		1,200		3.69		4.80		0.98
1573		3,700		2.21		3.08		1.48
1626		1,700		5.78		7.38		1.85

From the information above, determine the amount of Splish Company inventory.

The amount of Splish Companys inventory