Question
Splish Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity Cost per Unit Estimated Selling Price Cost
Splish Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.
| Item No. | Quantity | Cost per Unit | Estimated Selling Price | Cost to Complete and Sell | ||||
|---|---|---|---|---|---|---|---|---|
| 1320 | 2,000 | $3.97 | $5.58 | $1.98 | ||||
| 1333 | 1,700 | 3.35 | 4.22 | 1.24 | ||||
| 1426 | 1,600 | 5.58 | 6.20 | 1.74 | ||||
| 1437 | 1,800 | 4.46 | 3.97 | 1.67 | ||||
| 1510 | 1,500 | 2.79 | 4.03 | 1.74 | ||||
| 1522 | 1,300 | 3.72 | 4.84 | 0.99 | ||||
| 1573 | 3,800 | 2.23 | 3.10 | 1.49 | ||||
| 1626 | 1,800 | 5.83 | 7.44 | 1.86 |
From the information above, determine the amount of Splish Company inventory.
| The amount of Splish Companys inventory $ |
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Accounting Fundamentals For Health Care Management
Authors: Steven A. Finkler, David M. Ward, Thad Calabrese
3rd Edition
1284124932, 9781284124934
