Valix Finacc vol 1 Problem 7-30

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 7-30

                                                                                                                (Lower of cost or NRV)

                                                Units               Unit cost             NRV                 Inventory value

A                                              1,000                120                   150                          120,000

B                                              1,500                110                   120                          165,000

C                                             1,200                150                   140                          168,000

D                                              1,800                140                   160                          252,000

E                                              1,700                130                   160                          221,000

                                                                                                                               926,000