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Your answer is incorrect. Try again. Vaughn Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity Cost
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Vaughn 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 | 1,900 | $3.68 | $5.18 | $1.84 | ||||
1333 | 1,600 | 3.11 | 3.91 | 1.15 | ||||
1426 | 1,500 | 5.18 | 5.75 | 1.61 | ||||
1437 | 1,700 | 4.14 | 3.68 | 1.55 | ||||
1510 | 1,400 | 2.59 | 3.74 | 1.61 | ||||
1522 | 1,200 | 3.45 | 4.49 | 0.92 | ||||
1573 | 3,700 | 2.07 | 2.88 | 1.38 | ||||
1626 | 1,700 | 5.41 | 6.90 | 1.73 |
From the information above, determine the amount of Vaughn Company inventory.
The amount of Vaughn Companys inventory |
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