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Product Group Units Cost/Unit Market/Unit A 600 $1.00 $0.80 300 1.50 1.55 2 200 4.90 5.15 D 2 100 6.50 6.40 E W 80 25.00
Product Group Units Cost/Unit Market/Unit A 600 $1.00 $0.80 300 1.50 1.55 2 200 4.90 5.15 D 2 100 6.50 6.40 E W 80 25.00 24.60 Required: What is the correct inventory value if the company applies the LCNRV rule to each of the following? a. Individual items Product A Product B Product C Product D Product E Total inventory value $ b. Groups of items Group 1 Group 2 Group 3 Total inventory value $
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