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Larkspur 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
Larkspur 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 | 1,300 | $4.00 | $5.63 | $2.00 | ||||
1333 | 1,000 | 3.38 | 4.25 | 1.25 | ||||
1426 | 900 | 5.63 | 6.25 | 1.75 | ||||
1437 | 1,100 | 4.50 | 4.00 | 1.69 | ||||
1510 | 800 | 2.81 | 4.06 | 1.75 | ||||
1522 | 600 | 3.75 | 4.88 | 1.00 | ||||
1573 | 3,100 | 2.25 | 3.13 | 1.50 | ||||
1626 | 1,100 | 5.88 | 7.50 | 1.88 |
From the information above, determine the amount of Larkspur Company inventory.
The amount of Larkspur Companys inventory |
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