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CH6 HOMEWORK Part 2 Saved 11 Required information [The following information applies to the questions displayed below.) Part 2 of 4 A local Chevrolet dealership carries the following types of vehicles: points Quantity Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs 7 3 5 1 6 Unit Cost $27,000 18,000 13,000 17,000 37,000 30,000 Unit NRV $25,000 17,000 15,000 20,000 40,000 28,000 eBook References Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks 2. Determine whether each inventory item would be reported at cost or net realizable value (NRV). Enter the amount of either the Unit Cost or Unit NRV in the "Lower of Cost and NRV per unit" column and then multiply this amount by the quantity of each inventory item and enter it in the Total column Inventory Items Cost or NRV Lower of Cost and NRV per unit Total 2-door sedans 4-door sedans Sports cars SUVs 13,000 17,000 37,000 30,000 1 6 15,000 20,000 40,999 28,090 Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks. 2. Determine whether each inventory item would be reported at cost or net realizable value (NRV). Enter the amount of either the Unit Cost or Unit NRV in the "Lower of Cost and NRV per unit" column and then multiply this amount by the quantity of each inventory item and enter it in the Total column. Inventory Items Lower of Cost Cost or NRV and NRV per unit Total Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Total 12 11 13 of 16 Next >