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The following information is taken from Aden Company's records: Product Group Unit Cost/Unit Market/Unit A 1 600 1.00 .80 B 1 250 1.50 1.55 C

The following information is taken from Aden Company's records:

Product Group Unit Cost/Unit Market/Unit
A 1 600 1.00 .80
B 1 250 1.50 1.55
C 2 200 4.90 5.15
D 2 100 6.50 6.40
E 3 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

c. The Inventory as a Whole

Total inventory value =

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