Question
Marin 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
Marin 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 1,500 $3.30 $4.64 $1.65
1333 1,200 2.78 3.50 1.03
1426 1,100 4.64 5.15 1.44
1437 1,300 3.71 3.30 1.39
1510 1,000 2.32 3.35 1.44
1522 800 3.09 4.02 0.82
1573 3,300 1.85 2.58 1.24
1626 1,300 4.84 6.18 1.35
From the information above, determine the amount of Marin Company inventory
The amount of Marin Company's inventory $______________________________________
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