Q6 Use the following information to answer Q6a, Q6b & Q6c [1 mark for each wholly correct answer].

Kumasi Co. sells two types of roofing tiles. One type of tile is made from natural quarried slate and the other from cement. The natural slate is offered in two colors, and the cement tiles in three colors. The companys Inventory at Cost [FIFO] and NRV are given in the table below.

				LCNVR by:
Group	Item	Cost $	NRV $	Individual Item	Group	Total
Slate	Black	90,000	70,000
	Blue	95,000	90,000
Cement	Red	100,000	120,000
	Yellow	95,000	110,000
	Green	50,000	40,000

Q6a. Determine LCNVR by applying the LCNVR rule to each of the 5-individual tiles.

Show plausible calculations to get credit.

Answer: LCNRV by individual item is $

Q6b. Determine LCNVR by applying the LCNVR rule to the each of the 2 groups, slate, and cement.

Show plausible calculations to get credit.

Answer: LCNRV by group is $