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Required information [The following information applies to the questions displayed below.) A local Chevrolet dealership carries the following types of vehicles: Quantity Inventory Items Vans

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Required information [The following information applies to the questions displayed below.) A local Chevrolet dealership carries the following types of vehicles: Quantity Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVS 6 2 7 3 5 Unit Cost $21,000 16,800 11,800 15,800 31,000 27,600 Unit NRV $19,000 15,800 13,800 18,800 34,000 22,000 Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks Required: 1. Compute the total cost of the entire inventory. Total cost

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