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The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Hand Cost NRV 329 244 310

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The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Hand Cost NRV 329 244 310 188 $195 199 189 81 $184 219 173 99 Product Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Video equipment: Televisions 5GB video cards Satellite video recorders Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control and Aux Input 464 275 196 249 167 609 294 179 614 ces 169 167 141 154 209 194 Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. Per Unit LCNRV applied to: b. a. Separately Major to Each Group Product Units on Hand Cost NRV Inventory Items Total cost Total NRV 329 $ 195 $ 184 Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers 244 199 219 310 189 173 188 81 90 Audin stands

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