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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: Inventory Items Vans Trucks
Required information [The following information applies to the questions displayed below.] A local Chevrolet dealership carries the following types of vehicles: Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Quantity 4 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 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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